The government has decided to facilitate the privatization of the Pakistan Steel Mills by public offering through the stock market, following the suspension of an earlier deal for the company by the Supreme Court on Friday.

A source in the Privatization Commission said "PSM shares will now be offered to the public through the market. The major concern for the government is the transparency of the entire process to regain public confidence."

However, the source said that the process was in its planning stage and would be implemented only after approval from the ministries of finance and industries and production.