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03 Apr
13:38

PSM privatisation structure approval seen by mid-May

Pakistani authorities will approve by mid-May the transaction structure of Pakistan Steel Mills (PSM)’s privatisation, and finalise the transaction by year-end, the International Monetary Fund (IMF) says in a report seen by Kallanish. PSM’s privatisation has been delayed by the government’s decision last October to offer the Sindh provincial government the chance to acquire the steelmaker. “The authorities intend to expedite …
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