ISLAMABAD: Minister for Industries and Production Hamad Azhar has said the government has decided to privatize Pakistan Steel Mills in order to revive and steer it out of losses.
Addressing a news conference in Islamabad today, he said fifteen parties have shown their interest in Pakistan Steel Mills.
He clarified that only the core Steel Mills operation will be privatized and not the other land of the entity.
Hammad Azhar said that the employees of Pakistan Steel Mills will be relieved in two phases with payment of their retirement dues and one month salary.
