15
Mar
14:52
Creditor dispute delays Pakistan Steel Mills privatisation
Despite strong recommendations by the finance ministry, Pakistan Steel Mills (PSM) creditor Sui Southern Gas Company (SSGCL) has not yet issued the no objection certificate (NOC) required to enable the mill’s privatisation. This is therefore delaying the steel mill’s privatisation, Kallanish notes.
The ministry has already asked SSGCL to issue a NOC to the Securities and Exchange Commission of Pakistan (see Kallanish passim).
“SSGCL has not issu…
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Very good overview of the weekly steel market.
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