Foreign companies eye ‘mothballed’ PSM

摘要

Chinese and Iranian state-owned companies are interested in taking over loss-making Pakistan Steel Mills(PSM) as part of a long-term lease arrangement, said privatisation commission chairman Mohammad Zubair.The 1.1 Mt/y works on the outskirts of Karachi has been inoperative since the middle of last year because ofgas supply problems, and subsequent attempts to sell PSM to the provincial Sindh government come tonothing.