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All Stories: Pakistan Steel Mills

Pakistan Steel Mills CEO’s arrest warrant issued over employees’ termination

KARACHI: The National Industrial Relations Commission (NIRC) in Karachi has issued arrest warrants for Pakistan Steel Mills (PSM) Chief Executive Officer (CEO) Asad Islam...

Pakistan, Russia sign protocol to revive Pakistan Steel Mills

Pakistan and Russia have signed a protocol to revive Pakistan Steel Mills (PSM), ARY News reported on Friday. As per details, a high-level Pakistani delegation...

Pakistan Steel Mills terminates 1,350 employees

The Pakistan Steel Mills (PSM) on Tuesday sacked 1,350 more employees to ease the financial burden on the entity, ARY News reported.  The PSM spokesman...

Centre, Sindh ‘decide’ to revive Pakistan Steel Mills jointly

KARACHI: The federal and Sindh governments on Monday decided to revive the Pakistan Steel Mills (PSM) on 700 acres of land with collective efforts,...

Federal government decides to shut down Pakistan Steel Mills

ISLAMABAD: The federal government has decided to shut down Pakistan Steel Mills (PSM), a state-owned enterprise that has been incurring heavy losses for years,...

Govt forms committee for revival of Pakistan Steel Mills

KARACHI: The Federal Ministry of Industry and Production on Saturday constituted an 8-member committee to revive the Pakistan Steel Mills, ARY News reported. According to...

Pakistan Steel Mills’ privatisation would have benefited country: Zubair

KARACHI: Pakistan Muslim League-Nawaz (PML-N) leader Muhammad Zubair believes that the privatisation of Pakistan Steel Mills (PSM) would have benefitted the country, regretting the...

Pakistan Steel Mills removed from government privatization list

ISLAMABAD: The caretaker government has removed the Pakistan Steel Mills from its privatization list of the state-owned entities, ARY News reported on Tuesday. The government...

PSM suffered Rs164.4m loss due to negligence, theft: AGP report

The state-owned Pakistan Steel Mills (PSM) had suffered a massive financial loss of Rs164.4 million in the fiscal year 2020-21 due to administrative negligence...

5,282 PSM employees terminated in four years, Senate body told

ISLAMABAD: Thousands of employees had been terminated by the Pakistan Steel Mills (PSM) management during the past four years to overcome its financial crisis,...

‘Pakistan Steel Mill cannot be privatised’

Caretaker Minister for Privatisation Fawad Hasan Fawad said Tuesday that the Pakistan Steel Mills (PSM) is a dead horse which cannot be privatised, ARY...

Only one bidder left for Pakistan Steel Mills privatisation

Three out of four parties from China that showed interest in acquiring Pakistan Steel Mills (PSM) are no longer interested in the transaction, ARY...

ECC approves projected salary of first 6 months of PSM

ISLAMABAD: The Economic Coordination Committee (ECC) authorized Finance Division to approve the payment of projected net salary for the first six months of the...

Govt receives big investment offer for Pakistan Steel

ISLAMABAD: The government authorities have received an offer of one billion to one-and-half billion dollars investment for Pakistan Steel Mills, quoting sources ARY News...

Plan to revive Pakistan Steel Mills presented before cabinet body

ISLAMABAD: Chairman privatization commission has presented a plan to revive Pakistan Steel Mills before a cabinet body headed by Finance Minister Miftah Ismail, ARY...

Court acquits all suspects in Pakistan Steel Mills corruption case

NAB had filed the reference in 2012

Sacked Pakistan Steel Mills workers challenge mass layoffs in SHC

The plea was filed by 30 PSM employees

Companies from China, Korea, Russia keen to run Pakistan Steel Mills

The meeting was briefed on progress as per the approved transaction structure of Pakistan Steel Mills

Karachi railways traffic restores as fired steel mills employees end protests

Pakistan Express, Rehman Baba, Shah Hussain, Allama Iqbal Express, Karakoram Express, and Business Express resume after hours of protests-led stoppage

ECC approves payment of salaries to PSM employees

The Economic Coordination Committee (ECC) has approved payment of salaries amounting to Rs3.85 billion for Pakistan Steel Mills employees,
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