Credit goes to PPP and MQM for extra burden of political employees.

@Shaukat Ali Khan no credit goes to PML-N who is intentionally deteriorating PSM to buy it at cheapest cost. How PSM is running down while Ittefaq Foundry is generating profits over the year? if IK becomes PM of this country and he couldn't create a good cricket team (being a professional cricketer) than something is wrong. By the same token, PM is expert in steel business so how come PSM is going down with every passing day? A big question mark for all.

... and this bleeding will surprisingly stop after PSM sold at a throw away price...

sale the white elephant and clear all the salaries and dues of employs for ever

In the present advance age of technology there is no pride in running a steel Mill. We should privatize mill before Blast Furnace is dead and as soon as possible in a transparent way.

PAK industries are poor at doing business, always depends on others.

PSM is a White Elephant.

PSM is another bleeding wound inflicted by the bad governance of PPP government in the past.

Successive governments have been preparing state owned organizations for privatization, by rendering them useless, defunding them. Neo-Liberalism follows same pattern all over the world. Privatization and deregulation only hurts the public, GDP growth is a sham, says nothing about the division of wealth. Neo-Liberalism helps accumulation of wealth in few hands. Majority of Pakistanis are very poor. The established goal of successive governments to increase the GDP is at the cost of common people. Money never trickles down, it's not good for public, it's a shame there is no opposition to this crime, public organizations are public property no single government has the right to destroy these organizations. PTCL fired most of its employees after privatization. There are plenty examples where public owned as well as public run organization provide excellent services while being self sustained as well as paying the government in taxes. Liberalization of indian economy is disaster for masses

@Shaukat Ali Khan no credit goes to PMLN who made the PSM a white elephant. Can't they just control the PSM affairs like their own businesses?

@Kamal Pasha And what about PM?

PSM continues to mislead the public by dishing out selective figures. It is well known that as on 30-6-2015, PSM liabilities were Rs. 159 billion and accumulated losses were Rs. 143 billion. Last week, in a popular TV programme, Mr. Zubair Ahmed, Chairman Privatization Commission, had admitted that the total liabilities and accumulated losses of PSM were Rs. 302 billion. The programme presenter, however, insisted that as on 31-10-2015, the total figure on these two accounts was Rs. 350 billion. What does PSM management want to achieve by distorting the key financial figures is any body's guess. It is a basket case any way, whether the figures are Rs. 305 billion or Rs. 350 billion.

@PHILOSOPHER (from Japan) Sorry Sir; that requires firing extra manpower for which no political party has the courage.