20
Mar
17:02
Pakistan approves PSM lease proposal
Pakistan’s Cabinet Committee on Privatisation (CCoP) has approved the 30-year lease of Pakistan Steel Mills (PSM) proposed by financial advisors as the best way to return the troubled steelmaker to profitability.
The proposed structure includes a tripartite concession agreement between the Pakistani government, PSM Corporation and the yet-to-be-secured investor for a period of 30 years on the basis of revenue sharing.
According to the proposal…
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Anonymous
Very good overview of the weekly steel market.
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