{"id":54286,"date":"2019-08-10T10:00:07","date_gmt":"2019-08-10T05:00:07","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=54286"},"modified":"2019-08-08T09:54:07","modified_gmt":"2019-08-08T04:54:07","slug":"pm-issues-directions-for-revival-of-pakistan-steel-mills","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pm-issues-directions-for-revival-of-pakistan-steel-mills.html","title":{"rendered":"PM issues directions for revival of Pakistan Steel Mills"},"content":{"rendered":"<p>Islamabad: Prime Minister Imran Khan directed the relevant officials to expedite the revival efforts of Pakistan Steel Mills (PSM) in a meeting on Monday, a news source reported. This meeting was convened to discuss the situation of the country\u2019s largest steel mill.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/company-to-be-formed-to-revive-struggling-enterprises.html\" target=\"_blank\" rel=\"noopener noreferrer\">Company to be formed to revive struggling enterprises<\/a><\/p>\n<p>The PM remarked that saving and restoring PSM is the top priority of the government. He was also briefed about the current status of the steel mills, including the losses. He was informed that PSM had been a profit-earning organisation before 2009, but began facing losses until it was closed down in 2015.<\/p>\n<p>The PM also noted that the government is bearing an expenditure of PKR 370 million each month under the salaries of PSM Employees, while the total losses have gone up to PKR 217 billion.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/govt-looking-to-privatise-49-public-companies-in-five-years.html\" target=\"_blank\" rel=\"noopener noreferrer\">Govt looking to privatise 49 public companies in five years<\/a><\/p>\n<p>The same day, according to a press release issued by the PM\u2019s office, PM Khan approved a plan aimed at protecting Karachi and other cities of Sindh from flooding and devastation from seawater.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Prime Minister Imran Khan directed the relevant officials to expedite the revival efforts of Pakistan Steel Mills (PSM) in a meeting on Monday, a news source reported. This meeting was convened to discuss the situation of the country\u2019s largest steel mill. Read:\u00a0Company to be formed to revive struggling enterprises The PM remarked that saving and restoring PSM is the top priority of the government. He was also briefed about the current status of the steel mills, including the losses. He was informed that PSM had been a profit-earning organisation before 2009, but began facing losses until it was closed down in 2015. The PM also noted that the government is bearing an expenditure of PKR 370 million each month under the salaries of PSM Employees, while the total losses have gone up to PKR 217 billion. Read:\u00a0Govt looking to privatise 49 public companies in five years The same day, according to a press release issued by the PM\u2019s office, PM Khan approved a plan aimed at protecting Karachi and other cities of Sindh from flooding and devastation from seawater.<\/p>\n","protected":false},"author":57,"featured_media":45677,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[12542],"persona":[],"class_list":{"0":"post-54286","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-pm-issues-directions-for-revival-of-pakistan-steel-mills"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PM issues directions for revival of Pakistan Steel Mills - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Prime Minister Imran Khan directed the relevant officials to expedite the revival efforts of Pakistan Steel Mills (PSM) in a meeting on Monday,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pm-issues-directions-for-revival-of-pakistan-steel-mills.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM issues directions for revival of Pakistan Steel Mills - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Prime Minister Imran Khan directed the relevant officials to expedite the revival efforts of Pakistan Steel Mills (PSM) in a meeting on Monday,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pm-issues-directions-for-revival-of-pakistan-steel-mills.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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