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Monday, November 25, 2024

Home Business Foreign countries interested in PSM bidding: Iftikhar

Foreign countries interested in PSM bidding: Iftikhar

by News desk
September 26, 2020
in Business

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Abbottabad

Director General, Privatization Commission of Pakistan Iftikhar Naqvi on Friday said that interested firms from China, Russia, Korea and Turkey were negotiating with the government to retrench Pakistan Steel Mills (PSM) and privatize process.
He expressed these views while talking to APP after the successful auction of Wapda Guest house Kaghan here.
He disclosed that to reduce the cost of PSM for bidders, we have branched 20000 acres land of steel mills where only 1268 acres would be handed over to the successful bidder while the rest of the property would be given to holding companies. The DG privatization commission Iftikhar Naqvi said that the auction of 41-Kanal property at Hall Road Lahore where the Ministry of Industry set the reserve price Rs5.2 billion rupees would be held 28th September.—APP