The Daily Times reported that the Pakistan government has approved an amount of PKR 6 billion against the proposed business plan submitted by Pakistan Steel Mills present management for procurement of raw material.

Official sources said that a bail out package of PKR 5 billion is also in the pipe line for Pakistan Steel, totaling the amount to PKR 11 billion to help the state own company to solve the major problem of raw materials availability and enhance the production capacity utilization of the plant.

(Sourced from dailytimes.com.pk)