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18 Jul
11:31

Pakistan resumes PSM privatisation

The Cabinet Committee on Privatization has permitted the resumption of Pakistan Steel Mills (PSM)’s privatisation process after the Sindh government failed to make a bid for the troubled steelmaker. “Despite massive efforts, there had been no serious engagement by the Sindh government on the offer made by the Federal Government to acquire PSM,” Pakistan’s finance ministry says in a statement seen by Kallanish. “The CCOP therefore al…
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