Pakistan Steel Mills to be privatised till December

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KARACHI: Pakistan government has reportedly decided to privatise the Pakistan Steel Mills till December this year.

According to reports in Pakistani media, a consortium interested in buying the giant in Pakistan has visited the facility and demanded the details of assets from department heads within the mill.

The state owned mill is being  privatized apparently to pay an International Monetary Fund  (IMF) loan as an IMF delegation visited the mill a few days ago and now a consortium  comprising of China Development Bank, Pak-China Investment Company and ABACUS Consulting Technology reached the mill for inspection.

Chairman Privatization Commission Muhammad Zubair told media that the mill will be sold till the month of December this year or January 2016.