Islamabad: Pakistan Prime Minister Syed Yousuf Raza Gilani on Wednesday approved bailout package worth Rs.11 billion for Pakistan Steel Mills, private news channel reported.
“New bailout package will be provided to PSM in from of Bank guarantee and rescheduling of company’s loans,” sources said.
The sources said that the package included Rs.6 billion of Bank guarantee and Rs.5 billion of rescheduling of loans.
