Pakistan Steel Mills officials have asked the government for PKR 10 billion bailout package as the company is facing huge crisis. During the last three years, the Pakistan Steel has taken PKR 12 billion as debt, and its interest is increasing every year.

Sources told that due to non appointment of the chief executive, the company’s matters are not running in a smooth way. The board of revenues has sent a summary for appointment of the CEO a month ago.

(Sourced from News Network International)