The educated component of the country is sick and tired of the games being played by our repeated governments. They all talk of the evil prevailing in the country but no one gives solutions, and the few fools who write in editorials and give solutions are considered foolish. PIA has become a white elephant; PSM is another added useless load on the poor exchequer’s money with no results. By providing them easy bail outs we are throwing good money after bad money!
Since 2006, Pakistan Steel Mills (PSM) has consumed almost 25 billion in bailout per annum from various prodigal government offices. The bailout sounds more like giving birthday gifts to a mentally retarded family member. I would like to request the current PML-N Government to not squander any more fund on PSM, If the organization cannot sustain its expenditures or make any profits than it should reduce its costs by reducing unproductive staff as well as the useless big wigs, until it can become self reliant. Why should the people of Pakistan have to pay for the laziness of PSM staff? As its rival Al-Tawaiqi Steel Mills Limited (TSML) is supplying 20 percent of Pakistan steel mills by working at 85 percent capacity, clearly shows that running a steel mill in Pakistan is not an unprofitable business.
SHAHRYAR KHAN BASEER,
Peshawar, July 21.