329· Pakistan Steel Mills (PSM) accumulated an overall loss of Rs. 67.167 billion in merely six months of 2020 despite laying off 5000 employees who received a golden …
WhatsApp:+8615138493061Get PriceGet A Quote
20201127· Production at the mills shut down in June 2015, when Sui Southern Gas Company (SSGC) stopped supplying gas due to overdue payment. Additionally, PSM has not paid salaries to its employees since 2016. PSM …
WhatsApp:+8615138493061Get PriceGet A Quote
201636· Pakistan Steel Mills Corporation (PSMC)—once a highly profitable organization and considered one of the largest and sole steel producers in Pakistan—is on the verge of …
WhatsApp:+8615138493061Get PriceGet A Quote
2024719· The government’s decision to finally shutter the Pakistan Steel Mills consigns to the dustbin Pakistan’s first major industrial project. The Standard News and Views. Friday, June 13, 2025. The Standard News and Views. …
WhatsApp:+8615138493061Get PriceGet A Quote
202473· ISLAMABAD: The federal government has decided to shut down Pakistan Steel Mills (PSM), a state-owned enterprise that has been suffering heavy losses for years. In a …
WhatsApp:+8615138493061Get PriceGet A Quote
• Pakistan steel sector is majorly driven by private corporates. Pakistan Steel Mills (PSM) – a state owned giant with a capacity of 1.1mln tons has been offline since June 2015. • The …
WhatsApp:+8615138493061Get PriceGet A Quote
Downfall Of Pakistan Steel Mill - fuente-germany.de. 2017-10-23 Downfall of pakistan steel mills . The collapse of steel mills in Pakistan. On December 20, 2016, at the age of 16, they became …
WhatsApp:+8615138493061Get PriceGet A Quote
202474· In a statement on Wednesday, the Secretary of Industry and Production said that the Sindh government has been offered to take over 700 acres of the total 19,000 acres of …
WhatsApp:+8615138493061Get PriceGet A Quote
2024116· Introduction | The Pakistan Steel Mill. The Pakistan Steel Mill, located in Karachi, is a significant industrial project that has played a crucial role in the country’s …
WhatsApp:+8615138493061Get PriceGet A Quote
20241028· According to the latest audited accounts for the year ending June 30, , the PSM recorded a net loss of R 25.45 billion, with accumulated losses reaching a staggering Rs224.63 billion. This financial haemorrhage …
WhatsApp:+8615138493061Get PriceGet A Quote
202473· The federal government has decided to permanently shut down the state-owned Pakistan Steel Mills (PSM) after failure to privatize it. In a statement, the Secretary Industries …
WhatsApp:+8615138493061Get PriceGet A Quote
Fakhruddin Valibhai Valika (died 1973) was a Pakistani industrialist who led the Valika Group, which had subsidiaries such as Valika Cement, Valika Steel now known as Peoples Steel, [1] …
WhatsApp:+8615138493061Get PriceGet A Quote
PIA, Pakistan Steel Mills, State Life Insurance Corporation of Pakistan and Utility Stores Corporation are to name but a few examples of state institutions whose businesses have been destructed
WhatsApp:+8615138493061Get PriceGet A Quote
20241210· Aisha Steel Mills Limited (ASML), one of Pakistan''s leading steel producers, reported a 57% decrease in net revenue to Rs4.58 billion during July-September 2024 quarter …
WhatsApp:+8615138493061Get PriceGet A Quote
1210· How Pakistan''s largest integrated steel mills became non-operational. Herald Magazine. such a brief article on rise and fall of Pakistan steel. Here in Pakistan every …
WhatsApp:+8615138493061Get PriceGet A Quote
20131110· A private steel mill produces 350 to 450 tons per person per year while South Korean and Japanese mills produce 1,300-1,500 tons per person per year, chief executive of a …
WhatsApp:+8615138493061Get PriceGet A Quote
202064· The Pakistan Steel Mills’ total losses and liabilities are estimated at Rs400 billion (Dh9.026 billion). According to the ECC the PSM is facing Rs550 billion deficit and billions are …
WhatsApp:+8615138493061Get PriceGet A Quote
The Economic Coordination Committee (ECC) of the Cabinet approved the retrenchment plan of Pakistan Steel Mills (PSM) to reduce the government’s financial burden. Since 2008-09, …
WhatsApp:+8615138493061Get PriceGet A Quote
2024719· After decades of declining profits, thanks to corruption, mismanagement and unchecked hiring—by some estimates the mill required just 1,300 workers but had 30,000 employees—the incumbent government …
WhatsApp:+8615138493061Get PriceGet A Quote
2025113· However, mismanagement, financial inefficiencies, and political interference led to its decline. As of August 2024, total losses have ballooned to approximately Rs600 billion, including Rs224
WhatsApp:+8615138493061Get PriceGet A Quote
202526· The once-thriving Pakistan Steel Mills now stands as a stark symbol of neglect. The workers are battling for survival, deprived of pay and pensions, while th...
WhatsApp:+8615138493061Get PriceGet A Quote
20131110· A private steel mill produces 350 to 450 tons per person per year while South Korean and Japanese mills produce 1,300-1,500 tons per person per year, chief executive of a …
WhatsApp:+8615138493061Get PriceGet A Quote
329· Pakistan Steel Mills (PSM) accumulated an overall loss of Rs. 67.167 billion in merely six months of 2020 despite laying off 5000 employees who received a golden …
WhatsApp:+8615138493061Get PriceGet A Quote
202474· Pakistan. Curtain to fall on Pakistan Steel Mills. inp. July 4, 2024. The Federal government has decided to shut down Pakistan Steel Mills (PSM), a state-owned enterprise …
WhatsApp:+8615138493061Get PriceGet A Quote
20171229· ISLAMABAD: The National Accountability Bureau has decided to launch an inquiry to ascertain reasons and hold responsible for the dismal state of the Pakistan Steel …
WhatsApp:+8615138493061Get PriceGet A Quote
2024719· The government’s decision to finally shutter the Pakistan Steel Mills consigns to the dustbin Pakistan’s first major industrial project. The Standard News and Views. Friday, …
WhatsApp:+8615138493061Get PriceGet A Quote
WhatsAPP 24h online service
24h Online Chat
