SC demands PSM’s privatisation plan be shared with it

Staff Reporter

The Supreme Court (SC) has demanded that the details of Pakistan Steel Mills’ (PSM) privatisation plan be shared with it.

Chief Justice Gulzar Ahmed, hearing a case at the apex court related to the promotion of PSM employees, appointed Advocate Rashid A Rizvi as a mediator for the settlement between its employees and management.

CJP Gulzar Ahmed, during the hearing, remarked that Karachi Shipyard, Heavy Mechanical Complex, and Steel Mills have been non-functional, while the employees would “sell all the remains of the mills and retire.”

He said that the court was not halting the privatisation process, however, the government should keep the court’s decision in mind.