ISLAMABAD - Ministry of Industries and Production would move a summary to the Prime Minister in a bid to delete the name of Pakistan Steel Mills (PSM) from the privatisation list of the Government entities, as in compliance with the judgement of the Supreme Court of Pakistan. It was agreed in the meeting of Federal Minister for Industries and Production Mir Hazar Khan Bijarani with the CEO of PSM Malik Israr Ahmad. It was categorically decided that PSM should not be privatised in compliance with the judgement of the Supreme Court of Pakistan, and every measure be taken to make it profitable and sustainable. Mir Hazar Khan Bijarani chaired the Expansion Committee Meeting of PSM . CEO PSM briefed the Minister about the expansion plan of the Pakistan Steel. During the briefing, the CEO apprised the Minister that Pakistan Steel had received offers from M/S Tyaz Promexport(TPE) of Russia and M/S China Metallurgical Construction(Group) Corpor-ation(MCC) of China for its expansion plan from existing 1.1mtpy to 3 to 5 mtpy. Pakistan Steel Mills and the Government had already signed MOUs with both the countries in this regard. The Minister directed the CEO of PSM to invite the other international competitive companies and get proposals from them for expansion plan. The Minister emphasised to work out a comprehensive proposal on its own terms and conditions, keeping in view the technical grounds and also the joint venture aspects. A complete and practicable proposal should be submitted in the next meeting, which will be held in the second week of July 2010, the Minister added. He further said that we had to be more active in pulling out the PSM from financial crunch as soon as possible. Federal Secretary MOIP Abdul Ghaffar Soomro, Additional Secretary MOIP Muhammad Javed Iqbal Awan, Additional Secretary from Planning Commission and other high officials also attended the meeting.