Pakistan Steel Mills to be leased out for 30 yrs
PC board approves leasing out Pakistan Steel Mills for 30 years in its meeting
ISLAMABAD (Dunya News) –The Privatisation Commission’s board has on Tuesday approved the proposal of leasing out Pakistan Steel Mills (PSM) for a period of 30 years, reported Dunya News.
It was decided in the commission’s meeting that was chaired by Muhammad Zubair.
It has also been decided in the meeting that the contractual rights in this regard would be between the Government of Pakistan, Pakistan Steel Mills and the new investors.
Sources revealed that no stakes could be sold and only machinery would be handed over as a result of the new lease.
The final decision in this regard would be made by privatization committee of the cabinet.
Meanwhile, the privatization committee has also given its approval for the privatization of SME Bank.
