A step ahead in revival of PSMC

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The 6th Privatisation Commission, Board meeting of the current year held virtually on Monday in Islamabad, under the chairmanship of the Federal Minister and Chairman Privatisation MohammedMian Soomro.

Federal Secretary Privatisation; CEO Pakistan Steel Mills, PC Board members and senior officers of the Ministry attended the subject meeting.

The PC Board discussed the allocation of 1229 acres of land to be transferred to the new subsidiary of the PSMC namely Steel Corp (Pvt) Ltd and bi-furcation of Key Operating Assets and correspond-ing Fair Market Valuation for proposed transfer of Core Assets to new subsidiary, as narrated in the Audited Financial Statement of PSMC for period ending Dec 31,2020 including list of key operating assets.

 

The PC Board considered the proposals and after deliberations noted the PSMC Board’s decision taken in its meeting held on 13th July, 2021 on the above issues and directed the Privatisation Commis-sion to proceed further in the matter.

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