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  • End of an era for Pakistan Steel Mills MSN

    The Pakistan Steel Mills’ total losses and liabilities are estimated at Rs400 billion (Dh9.026 billion). According to the ECC the PSM is facing Rs550 billion deficit and billions are being spent

    Pakistan Steel Mills Losses Grow to Over Rs. 200 Billion

    Jul 04, 2018· Pakistan Steel Mills Losses. As mentioned earlier, PSM started to decline when PPP took up reins in 2008. There were several other reasons

    NAB to probe reasons behind downfall of Pakistan Steel Mills

    Dec 29, 2017· NAB to probe reasons behind downfall of Pakistan Steel Mills. By . He raised the important point that the steel mills were draining Rs1.4 billion

    NAB initiates inquiry into Pakistan Steel Mills downfall

    ISLAMABAD: The National Accountability Bureau (NAB) has decided to put all those responsible for the downfall of the Pakistan Steel Mills (PSM) and loss of billions of rupees to the national

    Pakistan Steel Mills CEO approaches court for

    Dec 07, 2020· The Pakistan Tehreek-e-Insaf (PTI) government has approached the court for more retrenchment and privatization of Pakistan Steel Mills arguing ‘it is not possible to run the steel mills’ now, reported 24NewsHD TV channel on Monday.. The TV channel reported that CEO Pakistan Steel Mill has filed a petition under section 11A of the West Pakistan Industries Act in the Labour court that

    The demise of Pakistan Steel Mills Herald

    Dec 10, 2018· The entrance to Pakistan Steel Mills Photographs by Mohammad Ali, White Star. On the far-east side of Karachi’s coast, the wind is always strong. Except that on a recent day in August, not a leaf is stirring. The ride on a road that branches off Karachi Thatta National Highway and leads to Pakistan Steel Mills is as suffocating as it is bumpy.

    Pakistan Steel Mills Amid Crisis Request PDF

    Pakistan Steel Mills Corporation (PSMC)—once a highly profitable organization and considered one of the largest and sole steel producers in Pakistan—is on the verge of collapse and passing

    Steel Mills at standstill Pakistan DAWN.COM

    The Pakistan Steel Mills was privatized few years back if you all remember but unfortunately the ex Chief Justice of Pakistan took suo moto and cancelled the deal. I saw many a rise and fall

    Pakistan Steel Mills The Express Tribune

    KARACHI: The issue of Pakistan Steel Mills is of paramount importance.The largest industrial mega-corporation has en on decline for the past many years. It’s considered as a white elephant; the

    End of an era for Pakistan Steel Mills MSN

    The Pakistan Steel Mills’ total losses and liabilities are estimated at Rs400 billion (Dh9.026 billion). According to the ECC the PSM is facing Rs550 billion deficit and billions are being spent

    SAMAA Sacked Pakistan Steel Mill employees end protest

    Pakistan Steel Mills employees who were sacked last week ended their protest in Karachi late Tuesday. The protesters were staging a sit-in at the railway track near Bin Qasim for the last 10 hours.

    Pakistan Steel Mills workers end protest Pakistan Gulf

    Dec 02, 2020· Pakistan Steel Mills workers end protest. Train services restored after minister persuades retrenched employees to call off strike. Published: December 02,

    Rise and Fall of Pakistan Steel Mills Documentary

    Comprehensive Documentary on Rise and Fall of Pakistan Steel Mills. Editor and Director: Farman Ahmed

    Downfall Of Pakistan Steel Mills

    Downfall Of Pakistan Steel Mills Introduction PAKISTAN STEEL :: Largest Industrial Complex of The completion of the steel mill was formally launched by General Zia-Ul-Haq the then President of Pakistan on the 15th of January 1985. NAB to probe reasons behind downfall of Pakistan Steel Mills.

    Pakistan Steel Mills CEO approaches court for

    Dec 07, 2020· The Pakistan Tehreek-e-Insaf (PTI) government has approached the court for more retrenchment and privatization of Pakistan Steel Mills arguing ‘it is not possible to run the steel mills’ now, reported 24NewsHD TV channel on Monday.. The TV channel reported that CEO Pakistan Steel Mill has filed a petition under section 11A of the West Pakistan Industries Act in the Labour court that

    Pakistan Steel Mills Calamity: Reasons of Collapse

    Jan 26, 2015· Pakistan Steel Mills was a profitable well-managed organization since its establishment, although was a bit overloaded with extra political recruitment of employees from time to time. PSM even remained a profitable unit in last Military ruler Pervaiz Musharraf’s regime mainly in years 2001 to 2008.

    Pakistan Steel Mills employees protest against their

    Nov 28, 2020· Karachi [Pakistan], November 28 (ANI): Employees of the Pakistan Steel Mills (PSM) on Friday staged a sit-in protest at the National Highway against their sacking by the Imran Khan government. As many as 4,544 PSM employees, including teachers, drivers, firemen, operators, health and security staffers, managers and others had been sacked

    The demise of Pakistan Steel Mill Pakistan Defence

    Oct 31, 2016· Right where the road enters the vast premises of Pakistan Steel Mills, a verse from the Quran is displayed on a billboard: “And we have sent down iron, wherein is great military might and benefits for the people.” Steel Mill Downfall started in Mush era when golden shake hands were given to employees and only those with political

    Pakistan Steel Mills Amid Crisis Request PDF

    Pakistan Steel Mills Corporation (PSMC)—once a highly profitable organization and considered one of the largest and sole steel producers in Pakistan—is on the verge of collapse and passing

    The management of Pakistan Steel Mills has laid off 4544

    Nov 28, 2020· Last night, employees of Pakistan Steel Mills staged a protest on the National Highway against all sides. Angry protesters burned ties and wood near Quaid-e-Azam Park and blocked the national highway, causing the worst traffic jam. The incident was reported to the police force to start his efforts to negotiate with the protesters.

    Pakistan Steel lays off 4,544 employees

    Pakistan Steel lays off 4,544 employees KARACHI: The Pakistan Steel Mills (PSM) sacked 4,544 employees, including the Divisional and Assistant Managers, PSM spokesperson confirmed on Friday.

    Why 'friend' China will not save Pakistan Steel Mills?

    Dec 02, 2020· Islamabad’s decision to lay-off 4,544 employees of the debt-ridden Karachi-based Pakistan Steel Mills (PSM) has ignited a political war between the government and Pakistan Peoples’ Party (PPP). From a purely economic point of view, retrenchment on such a massive scale was inevitable since Pakistan Steel Mills has proved to be a liability with an accumulated debt of more that 200

    SC seeks govt's response on closure of Pakistan Steel Mills

    Mar 12, 2020· Read more: Russia offers revival of Pakistan Steel Mills. The SC ordered the secretary commerce and industries to look forward into the matter. It

    Pakistan Steel Mills terminates over 4,500 employees The

    Nov 27, 2020· Pakistan Steel Mill (PSM) sacked 4,544 of employees, including the Divisional and Assistant Managers, PSM spokesperson confirmed on Friday. "There are reports that the department head was called today so that employees can be dismissed," he said, lamenting that employees are forced to protest during the on-going coronavirus pandemic.

    Govt. Fires 4,500 Pakistan Steel Mills Employees

    Nov 28, 2020· The federal government has terminated the contracts of 4,544 employees of Pakistan Steel Mills (PSM). Although PSM is the biggest industrial complex in the

    SAMAA Sacked Pakistan Steel Mill employees end protest

    Pakistan Steel Mills employees who were sacked last week ended their protest in Karachi late Tuesday. The protesters were staging a sit-in at the railway track near Bin Qasim for the last 10 hours.

    The management of Pakistan Steel Mills has laid off 4544

    Nov 28, 2020· Last night, employees of Pakistan Steel Mills staged a protest on the National Highway against all sides. Angry protesters burned ties and wood near Quaid-e-Azam Park and blocked the national highway, causing the worst traffic jam. The incident was reported to the police force to start his efforts to negotiate with the protesters.

    4500 employees of Pakistan Steel were fired. ZemTV

    Nov 28, 2020· The federal government has sacked 4,544 employees of Pakistan Steel Mills, the largest national steelmaker. According to a spokesperson for Steel Mills, the sacked employees include pay group 2, 3 and 4 employees besides junior officers (JOs), assistant managers, divisional managers, DCEs, DGMs and managers.

    End of an era for Pakistan Steel Mills Pakistan Gulf News

    The Pakistan Steel Mills’ total losses and liabilities are estimated at Rs400 billion (Dh9.026 billion). According to the ECC the PSM is facing Rs550 billion deficit and billions are being spent

    Pakistan Steel Mills employees protest against their

    Nov 28, 2020· Karachi [Pakistan], November 28 (ANI): Employees of the Pakistan Steel Mills (PSM) on Friday staged a sit-in protest at the National Highway against their sacking by the Imran Khan government. As many as 4,544 PSM employees, including teachers, drivers, firemen, operators, health and security staffers, managers and others had been sacked

    The demise of Pakistan Steel Mill Pakistan Defence

    Oct 31, 2016· Right where the road enters the vast premises of Pakistan Steel Mills, a verse from the Quran is displayed on a billboard: “And we have sent down iron, wherein is great military might and benefits for the people.” Steel Mill Downfall started in Mush era when golden shake hands were given to employees and only those with political

    Pakistan Steel Industry National Steel Advisory Council

    (1) Pakistan Steel Mills (PSM) has been out of commission since June 2015 (2) Peoples Steel Mills’ seamless pipe plant will be operational in March 2019 (3) 450,000 MT capacity of Spiral Welded Pipes & Polymer Coated Pipes includes Crescent Steel & Allied Products Ltd. and Data Steel

    Who is the Current CEO of Pakistan Steel Mills? PakMcqs

    The federal government has appointed Brig (r) Shujah Hassan as the Chief Executive Officer (CEO) of the Pakistan Steel Mills. According to a notification issued by the Establishment Division on Friday(August 7, 2020), the appointment of Brig (r) Shujah Hassan would be

    Why 'friend' China will not save Pakistan Steel Mills?

    Dec 02, 2020· Islamabad’s decision to lay-off 4,544 employees of the debt-ridden Karachi-based Pakistan Steel Mills (PSM) has ignited a political war between the government and Pakistan Peoples’ Party (PPP). From a purely economic point of view, retrenchment on such a massive scale was inevitable since Pakistan Steel Mills has proved to be a liability with an accumulated debt of more that 200

    Exploiting Pakistan's steel mills Global Village Space

    Employing more than 40000 workers, Pakistan Steel Mills (PSM) was a gigantic force-multiplier for employment downstream in directly contributing to the national economy. Once a prized asset, the PSM now resembles a black hole and a burden on the economy, successive govts failing to

    Pakistan Steel lays off 4,544 employees

    Pakistan Steel lays off 4,544 employees KARACHI: The Pakistan Steel Mills (PSM) sacked 4,544 employees, including the Divisional and Assistant Managers, PSM spokesperson confirmed on Friday.

    95pc Pakistan Steel workers to be laid off: Hammad

    "Rs10 billion has to be paid to 4,500 employees of the Pakistan Steel Mills," he said. Meanwhile, the PSM employees staged a protest on the National Highway in Karachi against their sacking.

    Pakistan Steel Mills employees protest against their

    Nov 29, 2020· Karachi [Pakistan], November 28 (ANI): Employees of the Pakistan Steel Mills (PSM) on Friday staged a sit-in protest at the National Highway against their sacking by the Imran Khan government. As many as 4,544 PSM employees, including teachers, drivers, firemen, operators, health and security staffers, managers and others had been sacked

    Pakistan Steel Mills terminates over 4,500 employees The

    Nov 27, 2020· Pakistan Steel Mill (PSM) sacked 4,544 of employees, including the Divisional and Assistant Managers, PSM spokesperson confirmed on Friday. "There are reports that the department head was called today so that employees can be dismissed," he said, lamenting that employees are forced to protest during the on-going coronavirus pandemic.

    The management of Pakistan Steel Mills has laid off 4544

    Nov 28, 2020· Last night, employees of Pakistan Steel Mills staged a protest on the National Highway against all sides. Angry protesters burned ties and wood near Quaid-e-Azam Park and blocked the national highway, causing the worst traffic jam. The incident was reported to the police force to start his efforts to negotiate with the protesters.

    Why 'friend' China will not save Pakistan Steel Mills?

    Dec 02, 2020· Islamabad’s decision to lay-off 4,544 employees of the debt-ridden Karachi-based Pakistan Steel Mills (PSM) has ignited a political war between the government and Pakistan Peoples’ Party (PPP). From a purely economic point of view, retrenchment on such a massive scale was inevitable since Pakistan Steel Mills has proved to be a liability with an accumulated debt of more that 200

    The Pakistan Steel Mills Dilemma Pakistan Tehreek-e-Insaf

    Pakistan Steel Mills had found an empathetic friend in PTI’s Asad Umar. When Mohammad Zubair had banned Steel Mill’s steel from selling, I happened to meet Asad Umar at Insaf Professionals Forum event in 2017. I told him about the plight of PSM at the hands of his own brother.

    The demise of Pakistan Steel Mill Pakistan Defence

    Oct 31, 2016· Right where the road enters the vast premises of Pakistan Steel Mills, a verse from the Quran is displayed on a billboard: “And we have sent down iron, wherein is great military might and benefits for the people.” Steel Mill Downfall started in Mush era when golden shake hands were given to employees and only those with political

    Raping Pakistan Steel Mills ViewsWeek

    Pakistan Steel Mills is incurring heavy losses with government least bothered about its plight. (Photo via Pakistan Steel Mills) Employing more than 40000 workers, Pakistan Steel Mills (PSM) was a gigantic force-multiplier for employment downstream indirectly contributing to the national economy.

    Exploiting Pakistan's steel mills Global Village Space

    Employing more than 40000 workers, Pakistan Steel Mills (PSM) was a gigantic force-multiplier for employment downstream in directly contributing to the national economy. Once a prized asset, the PSM now resembles a black hole and a burden on the economy, successive govts failing to

    Pakistan Steel Mills: Latest News & Videos, Photos about

    Dec 08, 2020· Pakistan Steel Mills Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Pakistan Steel Mills Blogs, Comments and Archive News on Economictimes

    Who is the Current CEO of Pakistan Steel Mills? PakMcqs

    The federal government has appointed Brig (r) Shujah Hassan as the Chief Executive Officer (CEO) of the Pakistan Steel Mills. According to a notification issued by the Establishment Division on Friday(August 7, 2020), the appointment of Brig (r) Shujah Hassan would be

    causes of failure of pakistan steel mills

    NAB to probe reasons behind downfall of Pakistan Steel Mills · Pakistan steel mill need huge money injection to stay Afloat: At present the mill is running at only 3% of production capacity. Pakistan steel mill the biggest and only integrated steel mill in pakistan, is going through its worst financial and production crisis in its history of

    Coronavirus: Pakistani Govt Lays off Thousands of Workers

    A general view of the deserted hot strip mill department of the Pakistan Steel Mills on the outskirts of Karachi, February 8, 2016. Photo: Reuters/Akhtar Soomro Shamil Shams and S. Khan

    Pakistan Steel Mills employees protest against their

    Employees of the Pakistan Steel Mills (PSM) on Friday staged a sit-in protest at the National Highway against their sacking by the Imran Khan government. As many as 4,544 PSM employees, including

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