Share Purchase Agreement for sale and purchase to 75% strategic stake in the Share capital of Pakistan Steel Mills Corporation was signed by Mr Farrukh Qayyum Secretary Ministry of Privatization & Investment signed on behalf of the Government of Pakistan with representatives of Consortium of MMK, Tuwairqi Steel and Arif Habib Securities yesterday.

It was the requirement of the bidding documents to sign SPA within four days after receiving the 25 % payment of the bid.