Govt invites EOI for Pakistan Steel Mills

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.

Copyright Mettis Link News

Posted on: 2021-08-31T19:18:00+05:00

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