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Summary Pakistan steel mills are feared to close due to the non-availability of bailout package.
Pakistan steel mills are feared to close due to the non-availability of bailout package. The administration said that Sui southern gas company has issued the final notice to cut the gas connection, adding that mills are in debt of Rs 8 billion to Sui southern company. The admin stated that the mills will face a direct loss of Rs nine billion if gas connection cut off.Former Prime Minister Yousaf Raza Gilani approved two packages of Rs 11 billion and 25 billion from which the mills have only received Rs 6 billion as yet.
