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PSMC Privatization - Sindh wants its land returned
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Monday, 26 Dec 2005
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The Sindh government has demanded of the federal government that 14,663 acres of non core land of the Pakistan Steel Mills Corporation be returned to Sindh since the province had given the land to the PSMC.

However, the Inter-ministerial Committee on Privatization of the PSMC has decided that the decision on utilization of non-core land of the PSMC would be decided at a different forum, and in the meantime the PSMC will transfer this non-core land to the ministry of industries, production and special Initiatives before its privatization. The meeting of the said committee held on December 23 decided that out of nearly 19,120 acres of land that the PSMC owns, only 4,457 acres will remain with the company, and it will be sold to the investor together with the PSMC and the rest of the land together with other non core assets would be transferred to the government of Pakistan.

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