Govt invites EOI for Pakistan Steel Mills
By MG News | August 31, 2021 at 07:19 PM GMT+05:00
0:00
August 31, 2021 (MLN): The government has decided to privatize Pakistan Steel Mills (PSM) and invited Expression of Interest (EOI) for the same.
According to the sources, the government intends to sell 51% to 74% shares of PSM with management control.
In this regard, Privatization Commission has appointed Pak China Investment and BOC International China as joint advisors.
PSM has a capacity of 1million tons of production which can expand to 3million tons.
Companies interested in acquiring shares could place their interest by September 30, 2021.
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