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Summary Cabinet Committee on Reforms approved a bailout package worth Rs6 billion for Pakistan Steel Mills.
Cabinet Committee on Reforms (CCOR) has approved a bailout package worth Rs6 billion to bring Pakistan Steel Mills (PSM) out of crises.Minister for Industries and Production told Geo News that this proposal is yet to get the go-ahead from the Economic Coordination Committee, which it would grant in its next meeting.In addition to a Rs6 billion injection to put the sick PSM back on its feet a business plan worth Rs20 billion would also be presented in the meeting, he said, adding whether the business plan would see a green-light cant be said for sure.
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