The Daily Times reported that after the government bailout package the first two shipments of coal and iron ore for Pakistan Steel Mills will arrive in January and will be in continuation in coming months.

A PSM release said that following the instructions of Ministry of Production and PS Board of Directors PSM presently continued its production activities utilizing local iron ore and coke from available coke breeze, keeping all its production plants safe from any technical losses and also providing monthly salaries to its employees.

Pakistan Steel while facing these economic challenges proposed and forwarded a business plan to the Ministry of Production after approval of PSM Board of Directors, which was accepted by the government and recently government has approved PKR 6 billion immediate loan for the procurement of imported raw materials, which will directly helps in the increase of PS production.

(Sourced from dailytimes.com.pk)