LCCI wants re­vival of PSM

The Pak Banker - - NATIONAL - -APP

LA­HORE: The La­hore Cham­ber of Com­merce & In­dus­try, while lament­ing over mis­er­able state-of-af­fairs of Pak­istan Steel Mills, has urged the govern­ment to take im­me­di­ate mea­sures for its early re­vival. In a state­ment, the LCCI Pres­i­dent Ma­lik Tahir Javed, SVP Khawaja Khawar Rasheed and VP Ze­shan Khalil said that de­pressed con­di­tion of Pak­istan Steel Mills is a mat­ter of con­cern.

Pak­istan Steel Mills Cor­po­ra­tion was highly prof­itable Pub­lic Sec­tor En­ter­prises and con­sid­ered one of the largest steel pro­duc­ers in the coun­try but at present, it is on the verge of col­lapse be­cause of ig­no­rance. They said that pol­icy mak­ers should be well aware of the fact that Pak­istan Steel Mills is not only a ma­jor source of steel prod­ucts sup­ply to the var­i­ous do­mes­tic in­dus­tries but is also has vi­tal im­por­tance for De­fence in­dus­try.

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