KARACHI: Syed Hafeezuddin, Chairman of the National Asse­mbly’s Standing Comm­ittee on Industries and Production, has directed the Pakistan Steel Mills (PSM) management to expedite its revival to prevent further losses.

In a visit to the PSM on Wednesday, he took serious notice of the non-payment of dues to retired and retrenched employees, the disconnection of gas supply, electric tariff, water supply issue and the deplorable condition of the 100-bed Pakistan Steel Hospital.

According to a press release, Hafeezuddin directed the management of SSGC, Water Board, and K-Electric in person and issued strict directions to the PSM chief executive to solve the issues on top priority and submit a report for compliance.

Mohammad Asad Islam Mahni, Additional Secretary of the Ministry of Industries and Prod­uction and caretaker CEO of Pakistan Steel Mills, briefed the committee about the overall progress on the revival process.

He said that the Russ­ian company had shown interest in the mill’s revival, and a team of technical experts would visit the plant soon.

Published in Dawn, November 21st, 2024

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Chinese diplomacy
14 Mar, 2026

Chinese diplomacy

THERE are signs that China is taking a more active role in trying to resolve the issue of cross-border terrorism...
Fragile gains at risk
14 Mar, 2026

Fragile gains at risk

PAKISTAN is confronting an external shock stemming from the US-Israel war on Iran that few of the other affected...
Kidney disease
14 Mar, 2026

Kidney disease

ON World Kidney Day this past Thursday, the Pakistan Medical Association raised the alarm on Pakistan’s...
Delicate balance
Updated 13 Mar, 2026

Delicate balance

PAKISTAN has to maintain a delicate balance where the geopolitics of the US-Israeli aggression against Iran are...
Soaring costs
13 Mar, 2026

Soaring costs

FOR millions of households already grappling with Ramazan inflation, the sharp increase in petrol and diesel prices...
Perilous lines
13 Mar, 2026

Perilous lines

THE law minister’s veiled warning to the media to “exercise caution” and not cross “red lines” while...