Pakistan Steel Mills Likely to be Handed Over to Army

[WaLeEdK2]

KARACHI: The Inter-Services Intelligence (ISI) delegation will visit the Pakistan Steel Mills (PSM), a headless largest industrial mega-corporation, today (Wednesday), officials confirmed on Tuesday.

The 14-member delegation will be briefed about the security of the country’s largest industrial complex despite technical aspects of it. The ISI delegation’s visit to the steel mills is a good move towards its revival, according to the people associated with the industry.

It has been also learnt that affairs of the PSM will be handed over to any subordinate department of the army and in this regard names of the Fauji Foundation and the Frontier Works Organisation (FWO) are under consideration.

According to available documents, acting principal executive officer, acting chief financial officer, secretary corporate and other officials will brief the delegation about production capacity, a number of employees, condition of plants and other technical aspects at the conference hall.

The PSM members will also brief the delegation about the security situation of the mills. It is vital to mention here that the production is closed since June 2015 and employees of the mills are deprived of four-month salaries while retired employees are waiting for their dues.

All the matters of the industry is being run through ad-hoc basis as the largest industrial unit is working without the chairman.

https://www.pakistantoday.com.pk/2017/10/10/steel-mills-likely-to-be-handed-over-to-army/

 

[The Sandman]

This gives some hope.

 

[Thəorətic Muslim]

So, does this new Fauji Steel Works have the power to eliminate thousands of political workers and salaries & benefits to ghosts?

 

[WaLeEdK2]

Note: The visit by the ISI delegation has been postponed for the second time now.

It's to be noted that this comes at a time where the COAS is now commenting on the economy.

 

[Path-Finder]

source of news? what the f#ck has intelligence agency got to do with steele?

 

[WaLeEdK2]

This gives some hope.

If the army can revive PSM and at the same time private industries like Agha Steel Industries keep growing then it could be very fruitful for Pakistan.

 

[The Sandman]

If the army can revive PSM and at the same time private industries like Agha Steel Industries keep growing then it could be very fruitful for Pakistan.

But it's really shameful this shows how incompetent and corrupt civilians really are and than they say "hamein kaam ni krne diya jata" i am in favor of civilian supremacy (they should've fixed it) but it's things like these which really takes away the hopes.

 

[Lucky Breeze]

Lets hope steel mill will revive. Army is strengthening its relations with Russia so may be they can successfully convince them for state of the art up gradation. If may ALLAH that thing happen it will give boost to both economy and defense.

 

[graphican]

Traitor family has destroyed many things including steel mill. Hope national assets are guarded and made successful by Army.

 

[Talwar e Pakistan]

The army knows what it's doing and has clear objectives and goals when it comes to projects, I have no doubts that they will be able to fix this issue.

 

[AZ1]

PIA should also be given to Army as Corrupt Parties PPP and PML N are curse for Pakistan and it's people. They can't do anything just loot the money and ask the question on media " Mujhey kyon nikala"?

 

[Khafee]

source of news? what the f#ck has intelligence agency got to do with steele?

Investigate, where all the billions injected over the last decade, have gone.

 

[El Sidd]

Like an audit service?

 

[Khafee]

Like an audit service?

More like, recovering the tax payers money and catching the crook service.

 

[El Sidd]

More like, catching the crook service.

I would have preferred a civilian organisation doing it.

Hand over nab to the army if there is some political instability.

I am skeptical about this.