A consultative meeting was held here at the Ministry of Industries and Production Thursday on the privatization process of Pakistan Steel Mill (PSM) and Heavy Electrical Complex (HEC).
It was co-chaired by Minister for Industries and Production Makhdum Khusro Bakhtyar and Federal Minister for Privatisation Mohammed Mian Soomro, and attended by the federal secretary of industries and privatization, besides the representatives of HEC and PSM, and financial advisors, a press release said.
The meeting was told that the issue of availability of utility connections to the newly formed subsidiary of PSM, which is mandatory for seeking approval for scheme of arrangement (SoA), had been taken up with utility companies and National Electric Power Regulatory Authority for issuance of no-objection certificates (NOCs), so that, the process of privatisation/revival of PSM could be completed without hindrance in stipulated time.
