Karachi: Prime Minister Raja Pervez Ashraf has ordered Finance Ministry to issue Rs 2 billion out of 3 billion bailout package for the Pakistan Steel Mills.
The prime minister visited the Mills on Friday and categorically said that the PSM would not be privatized at any cost and would get on its own feet.
He said that improvement of the PSM was his first priority. The prime minister said that bailout package of Rs 3 billion was announced to save the institution.
The employees clapped the PM directed the finance ministry to immediately issue Rs 2 billion for the salaries of the PSM.
He expressed the hope that the PSM employee would run the mills on its full capacity and meet the targets and held stand the mills on its own feet.
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