Islamabad: Minister for Privatisation Mohammad Mian Soomro on Thursday (September 23) has invited potential investors to run Pakistan Steel Mills as the demand for iron and steel has increased in the country, according to news sources.
Read: CCoP approves ‘Scheme of Arrangement’ for revival of Pakistan Steel Mills
The minister, while speaking at the meeting of international and national investors, hoped that the famous investors’ consortium would be interested in the revival of Pakistan Steel Mills. It was reported that Privatisation Commission has invited Expressions of Interest (EoIs) for the revival of Steel Mills and the last submission is September 30.
Earlier this month, a roadshow for Pakistan Steel Mills was started in Islamabad and it ended on Thursday (September 23) in Karachi. The ministry of privatisation aims to revive Steel Mills, which will help strengthen the economy.
Read: Govt to privatise Pakistan Steel Mills
Minister for Privatisation Soomro disclosed that the mega industrial unit’s operation was suspended, but with the promotion of the construction sector, the demand for iron and steel has grown manifold. He further added that the revival process has been transparent so far, and all the decisions were approved by the Privatisation Commission board and the federal cabinet.