12-day marathon with investors for revival of Steel Mills ends

ISLAMABAD - Twelve days marathon with national and international investors for the revival of Steel Mills ended on Thursday. 
Federal Minister for Privatisation Mohammedmian Soomro chaired back to back sessions with national investors. At the end, federal minister talked to the media and lamented that the mega industrial unit is in loss and came to standstill since 2015, saying the current government took up the challenge and decided to revive and revitalise Pakistan Steel Mills. The federal minister also reiterated that Pakistan is investors’ friendly country and Prime Minister’s personal interest in boosting the foreign investment culminated in such an encouraging response in the roadshow. We are hoping that the world’s renowned investors consortium would participate in the revival of Pakistan Steel Mills, said the minister. Ministry of Privatisation is actively pursuing this unique revival plan, which not only will strengthen the economy but spur the economic activity at a wider level.
Due to the policies of incumbent government, construction industry is taking a remarkable stride, which also is contributing ultimately towards jobs creation and other economic activity, and due to which the indigenous demand of steel and iron has grown manifold. It is an ideal situation for the potential investors to come along and make this mega industrial unit run in full throttle.
At the occasion, federal minister assured that the whole process is run with utmost transparency, and all the decisions are deliberated and approved from PC Board,  CCoP and Federal Cabinet. Ministry of Privatisation is assisting the investors in all possible manners and it is firmly hoped that soon PSM will be revived.

ePaper - Nawaiwaqt