ISLAMABAD: The Privatisation Commission has received at least three statements of qualification (SoQs) from foreign investors for Pakistan Steel Mills (PSM) as the deadline of Nov 15 for submitting the statements approaches fast.

At the same time, eight foreign investors, mostly Chinese and Russians, have submitted expression of interest for the revival of PSM, sources in the privatisation commission told Dawn on Thursday.

The government intends to complete the process of the revival of the steel mills in the third quarter of the current financial year. The pace of privatisation was reviewed at the weekly meeting of the commission on Thursday.

Presided over by Minister for Privatisation Mohammadmian Soomro, the meeting discussed the pace of process for the privatisation of Heavy Electrical Complex, House Building Finance Corporation and other listed entities.

Published in Dawn, November 5th, 2021