Pakistan’s Council of Common Interests in its first meeting after constitution of the council approved the privatization of Pakistan Steel Mill. TCCI members held detailed discussions and deliberations over the issue on directives of the Supreme Court of Pakistan and took the decision in favor of privatization of the mill.?

Mr Zahid Hamid minister for privatization said that privatization process of Pakistan Steel Mills will be carried out afresh in the wake of Supreme Court detailed decision adding efforts will be made to get maximum best price of the mills with fulfilling all legal formalities. He informed that no new evaluation has been worked out about the cost of steel mills for the purpose of re-privatization of the mills.

The council met here after a lapse of eight years. Prime Minister Mr Shaukat Aziz presided over the one point agenda meeting of the CCI. The Chief Ministers of all the four provinces, federal ministers Mr Saleem Saifullah, Mr Yar Muhammad Rind and Mr Ghaus Bux Mahar also attended the meeting.