KARACHI (APP) - The present management of Pakistan Steel is striving hard to harness each and every source to enhance its production capacity and sales of Pakistan Steel products at competitive prices to international market. The Pakistan Steel Mill management, in a press release issued on Friday, said that in the last few months, Pakistan Steel has geared up its procurement of Iron Ore and Coal, which are essential bulk material for Iron and Steel production. The supply line has been restored, it added. According to management, in the past one month, Pakistan Steel has procured two ships of Coal and One shipment of Iron Ore, whereas another shipment of 50,000 tonnes of Iron ore is expected to arrive in next three to four days. With this encouraging stock of Iron Ore and Coal and on set of our comprehensive business plan, we expect to touch the production capacity of 70 to 80 percent in next two months, the management of PS said. Meanwhile, Pakistan Steel has requested the Ministry of Industries and Production and Ministry of Finance for a Bailout Package of Rs. 25 billion to run the mill efficiently and to come out of financial liabilities. With the existing business plan coupled with the prospective bailout package in due course of time we are confident to become profitable organization all over again. The management of Pakistan Steel further emphasized that Pakistan Steel is neither being closed nor privatised, hence, there is no truth in such media reports.