Chinese group shows interest in PSM

Published July 30, 2015
Mr Jatoi advised the Chinese delegation to undertake a visit of Pakistan Steel and its facilities so that it can get a better understanding of viable options for cooperation. —AFP/File
Mr Jatoi advised the Chinese delegation to undertake a visit of Pakistan Steel and its facilities so that it can get a better understanding of viable options for cooperation. —AFP/File

ISLAMABAD: Sinosteel Corporation, China’s second largest importer of iron ore, has expressed interest in the revamping and expansion of existing plants and operations of Pakistan Steel Mills (PSM).

In a meeting held with Minister for Industries and Production, Ghulam Murtaza Khan Jatoi here on Wednesday, a Sinosteel delegation said that it intends to expand its overseas operations and considers Pakistan the best choice being a consistent partner in international cooperation.

Mr Jatoi, while assuring all possible support, asked the Sinosteel delegation to firm up its proposals and submit to the ministry since privatisation of PSM is on government’s agenda.

Once the proposals are received, the industries and production ministry will take up the case with the Privatisation Commission so that a feasible option is charted out which could benefit Pakistan and Sinosteel Corporation, Mr Jatoi told the delegation.

Mr Jatoi advised the Chinese delegation to undertake a visit of Pakistan Steel and its facilities so that it can get a better understanding of viable options for cooperation. He further recommended joint proposals for PSM and Sinosteel cooperation.

Published in Dawn, July 30th, 2015

On a mobile phone? Get the Dawn Mobile App: Apple Store | Google Play

Opinion

Editorial

Judiciary’s SOS
Updated 28 Mar, 2024

Judiciary’s SOS

The ball is now in CJP Isa’s court, and he will feel pressure to take action.
Data protection
28 Mar, 2024

Data protection

WHAT do we want? Data protection laws. When do we want them? Immediately. Without delay, if we are to prevent ...
Selling humans
28 Mar, 2024

Selling humans

HUMAN traders feed off economic distress; they peddle promises of a better life to the impoverished who, mired in...
New terror wave
Updated 27 Mar, 2024

New terror wave

The time has come for decisive government action against militancy.
Development costs
27 Mar, 2024

Development costs

A HEFTY escalation of 30pc in the cost of ongoing federal development schemes is one of the many decisions where the...
Aitchison controversy
Updated 27 Mar, 2024

Aitchison controversy

It is hoped that higher authorities realise that politics and nepotism have no place in schools.