ISLAMABAD:
The government has abandoned the plan to fully privatise or close the country’s largest industrial unit and has decided to sell a minority stake of Pakistan Steel Mills (PSM) to a strategic partner along with management control, while also approving about three-billion-rupee fresh bailout package for the entity.
On Saturday, the Economic Coordination Committee decided that the PSM will remain a public sector enterprise, according to an official announcement. The PSM
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