Search on
News Title
News Details
Reports/Directory
Glossary
 
Title_head
PSMC Privatization - Sale to be debated in the National Assembly
47 times viewed.
Thursday, 13 Apr 2006
EmailButton
Pdf_button

It is reported that the sale of 75% shares of the Pakistan Steel Mills recently will be debated in the Pakistan’s National Assembly today. The house decided to hold debate on adjournment motions sought to be moved by a number of PPP Parliamentarians lawmakers, who termed the sale of the industrial behemoth at a throwaway price scandalous.

Ms Sherry Rahman in a brief on the deal released to the press said "No one from the regime has been able to explain what the big hurry was to sell such a large employer and producer of steel when valuation itself had become controversial." She alleged that “the price agreed by covers not even the price of land attached to the sale, let alone its other profitable plants, valuable equipment, high inventory and enviable cash position".

Expanded Metal by Anping County Huijin Wire Mesh Co., Ltd.
Galvanized Steel by Beijing Xinruilufeng Industry and Trade Co., Ltd.
Galvanized Sheets Manufacturers & Suppliers
Hot Dip Galvanized Steel Manufacturers & Suppliers

sail
cbmm
ferrotech
Ferroalloys
More International News
 
Disclaimer|Copyright Policy|Privacy Policy|About us|Feedback|Contact us|FAQ|Site Map|Know about SteelGuru