ISLAMABAD  - The government has decided in principle to delay the privatisation of Pakistan Steal Mills and to continue its operations through Public Private Partnership.
Well informed sources told here on Monday that it will take months for the government to privatize the twenty six percent shares of the Pakistan steal mills. For said period it is not possible for the government to bear loss of the mill and continue its operations therefore it has decided to hire to engage a private party. It will not only invest in the Pakistan steel mill but would provide raw material for end products of the mill.
The source further informed that this step would helpful to reduce the deficit of the mil and reduce the daily loss that has been exceeded from seven billion rupees.  The source further told eighty million rupees are required to revive the PSM.