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08 Jul
01:00

Pakistan expects PSM privatisation by year-end

Pakistan has given the International Monetary Fund (IMF) assurances that Pakistan Steel Mills (PSM) will complete its privatisation by year-end, the IMF says in its latest review of the Asian country. The completion of the review allows for an extension of IMF funding for Pakistan. In April PSM hired a consortium of financial advisors for its privatisation (see Kallanish 27 April). This comprised China Development Bank Securities, Pak China Investment Compan…
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