ISLAMABAD : Ministry of Industries has sent recommendation to ministry of finance for privatisation of PSM.  Media reports said Ministry of Industries has proposed to finance ministry for full fledged or 26pc privatisation of PSM.  It has further been proposed to ministry that PSM needs bailout package of Rs21b presently. Out of it, Rs 3b are required for payment of salaries and Rs 9b for raw material. Ministry will present these recommendations in the next meeting of ECC taking place on Thursday.