KARACHI - Pakistan Steel Mills CEO Mohammad Javed has thanked newly-appointed Federal Finance Minister Salim Mandviwalla and President National Bank of Pakistan Asif Brohi for their commitment, contribution and cooperation with the country’s largest steel producing unit.CEO praised that NBP always played a positive role for the provision of funds to PSM. He added that prosperity of Pakistan Steel being national asset is basically country’s prosperity for which the mutual understanding and cooperation between state owned organisations is commendable.On the directives of ECC Rs 3 billion LC facility for PSM through NBP in a calendar year is awarded as per procedure from 2009. On the end of last calendar year 31st Dec 2012 the facility ended. As per procedure, PS was processing for another one year renewal again. PSM cleared all the reservations of NBP and assured a better and profitable future plan to NBP. In this regard a special meeting with Finance Minister Salim Mandviwalla, President NBP Asif Brohi and CEO PSM was held where NBP agreed to restore the facility of Rs3 billion LC to PSM.