ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday approved the establishment of a large-scale industrial estate on 3,200 acres of unused land belonging to Pakistan Steel Mills (PSM) in Karachi. The move aims to transform idle government land into an industrial hub, potentially attracting investment and creating thousands of new jobs. The ECC meeting, chaired […]
Pakistan Steel Mills (PSM)
PSM revival on track as Pakistan, Russia renew industrial ties
Pakistan and Russia have signed a key agreement to restore and modernize Pakistan Steel Mills (PSM) in Karachi. The signing took place at the Pakistan Embassy in Moscow between Saif Anjum, Pakistan’s Secretary of Industries and Production, and Vadim Velichko, General Director of Russia’s Industrial Engineering LLC. The agreement marks a renewed industrial partnership between […]
Pakistan-Russia direct rail service to start june 22, Russia eyes investment in PSM
Pakistan and Russia will launch direct railway services starting June 22. Railways Minister Hanif Abbasi announced this during a press conference, calling it a major step toward stronger economic ties. The new service aims to improve trade and connectivity between the two countries. Besides launching the rail link, Russia is exploring investment opportunities in Pakistan […]
PM directs ensuring transparent privatization process of public entities
ISLAMABAD: Prime Minister Imran Khan on Tuesday directed to ensure transparency in completion of the privatization process of various public entities, including Pakistan Steel Mills and Jinnah Convention Centre. In a meeting with Federal Minister for Privatization Muhammadmian Soomro, the prime minister was briefed on the current status of privatization of different bodies. The Prime […]
Pakistan Steel Mills rolled back to privatisation list
Pakistan Steel Mills (PSM) would soon be placed on the privatization list. Pakistan Tehreek-e-Insaf (PTI) government decided this during a meeting of the Economic Coordination Committee held on Monday. The meeting was chaired by Prime Minister’s Adviser on Finance Dr Abdul Hafeez Sheikh. The ECC also deliberated upon the summary submitted by the Ministry of […]