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Summary PSM's loss has exceeded Rs 100 billion but no improvement has taken place.
ISLAMABAD: Senate’s standing committee meeting chaired by Raja Zaffar-ul-Haq reviewed measures to improve performance of Pakistan Steel Mills (PSM), Dunya News reported on Wednesday.
During the session, the committee was told that Rs 20 billion were still required for the steel mill despite grant of the bailout package.
The committee expressed dissatisfaction over PSM’s performance, saying that mill’s loss has exceeded Rs 100 billion but no improvement has taken place.
At this, the committee suggested privatization and auction of 49% shares of the mill.
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