Monday, April 15, 2024

Privatization of Pak Steel expected to be completed by September

The privatization of Pakistan Steel Mills (PSM) is expected to be completed by September, according to the Supreme Court’s Secretary of Industries and Production (SC).

The case of PSM employees seeking promotions was heard by a two-member SC bench consisting of Chief Justice of Pakistan (CJP) Gulzar Ahmed and Justice Ijaz Ul Ahsan.

The court was informed by the Additional Attorney General that Planning Minister Asad Umar and Privatisation Minister Mohammadmian Soomro were unable to attend the proceedings because they were out of the city, while the Minister for Industries and Production Hammad Azhar was under quarantine due to Covid-19.

The case would be decided by the court after hearing from the federal ministers, according to the chief judge.

Employees conducted a sit-in outside the chief executive officer’s home, according to the PSM counsel (CEO). They’d even dug a grave for him outside his house.

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