ISLAMABAD - Federal Minister for Industries and Production, Ghulam Murtaza Jatoi has said that government was committed to restore the performance of Pakistan Steel Mills as comprehensive measures were being taken in this regard.
Talking to PTV, he said that sale of 26 percent shares of Steel Mills would produce positive results for making it profitable. He said that Russia has also shown interest to invest in Steel Mills of Pakistan.
He added that government was seeking an appropriate company for supplying of raw materials to the Steel Mills. To a question, he said that government had set up an independent commission for appointments of heads of different institutions, saying that ensuring transparency in the system was priority of PML-N government.
He blamed former regimes for the plight state institutions. The minister said that government was making serious efforts for the protection of industry in Pakistan.
To another query, Jatoi said that steps were being taken to stop daily loss in Pakistan Steel Mills. Government wanted to protect the employees of steel mills, he added. He said that government had given four bail package of Rs 40 billions to steel mill for enhancing its production.