Minister for privatisation of Pakistan Steel Mills

ISLAMABAD: Federal Minister for Production Anwar Ali Cheema on Tuesday said the government is unable to run the Pakistan Steel Mill (PSM) and suggested that it should be privatised instead of dragging on with the loss making entity.

Talking to newsmen, in the Ministry today he said, “There are too many issues with the PSM and the government cannot rectify them despite all sincere and serious efforts.”

He said the list of problem includes over burdening with 21,000 employees, lack of productivity, wastages in the production methods and most important of all is the incompetent management.

The Minister also said the numbers of employees were too high, while their production is the lowest, therefore, it is need of the hour to reduce the number of employees to great extent, if the government wants to run it.

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