15
Sep
06:34
Pakistan receives $1.5 billion PSM investment offer: reports
The Pakistani government has received an offer of around $1.5 billion for the purchase of a majority stake in Pakistan Steel Mills (PSM), sources tell local media.
According to the government, four Chinese companies recently visited Pakistan and met with authorities with a view to negotiating a stake purchase. Chinese state-owned company Baosteel has expressed interest in the purchase of shares in PSM, Kallanish notes.
The government has decided to conclude PSM&r…
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