Govt Starts Process to Hire a New CEO for Pakistan Steel Mills

The federal government is inviting applications for the post of Pakistan Steel Mills (PSM)’s Chief Executive Officer (CEO).

The decision to advertise the vacancy was made during the federal cabinet’s meeting. The move is a step towards realizing the government’s plans to make PSM a profitable organization by governing it through a public-private partnership.


Russian & Chinese Entities Are Interested in Purchasing Pakistan Steel Mills: Minister

As per a source privy to the matter, the government intends to inject money into the loss-making entity before attracting private investment.

To achieve this, the PSM has invited applications for a dynamic and result-oriented leader with the potential to lead the organization towards progress.

At the moment, the industry is in crisis, with a production capacity of 1 million tons of steel and iron foundries.


Government Decides to Privatize Pakistan Steel Mills

The government’s revival plan aims to double the PSM’s production each year in an attempt to achieve the target of 3 million tons per annum to return it to profitability.

It should be noted that the Economic Coordination Committee (ECC) has put the PSM on the privatization list.


Pakistan Steel Mills Needs $100 Million for Revival: Razak

However, the Adviser to the Prime Minister, Razak Dawood, had insisted on postponing the idea. He then held several meetings with different companies for PSM’s revival through a public-private partnership.

  • What happened to the lot of retiring generals? Nobody willing to take this seat now? They have always ruined PSM for decades. I thought enough damage is done so they have quit now.

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