Mr Syed Muhammad Asghar Shah, Chairman of the National Assembly Standing Committee on Privatization & Investment, has expressed satisfaction with the privatization process of Pakistan Steel Mills. He termed the sell off of PSMC in accordance with the government’s privatization policy, which was being implemented by successive governments for the transfer of management of public sector entities to the private sector through a competitive, fair and transparent process, to generate revenues for the government, bring in efficiency, enhance production and further expansion of the entities through fresh investments.

He said that the undue hue and cry over the privatization of PSMC is unjust and is an attempt to mislead the people. The opposition has no significant issue to discuss for the welfare of the public. They have developed a habit to make criticism for the sake of criticism, he said.