{"id":62712,"date":"2020-03-14T10:54:00","date_gmt":"2020-03-14T05:54:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=62712"},"modified":"2020-03-13T18:11:15","modified_gmt":"2020-03-13T13:11:15","slug":"sc-seeks-govts-response-privatisation-psm","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sc-seeks-govts-response-privatisation-psm.html","title":{"rendered":"SC seeks govt\u2019s response on privatisation of Pakistan Steel Mills"},"content":{"rendered":"\n<p>Islamabad: The Supreme Court (SC) on Thursday ordered the federal government to file its response with regard to the proposed privatisation of the Pakistan Steel Mills (PSM), according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/russia-provide-usd-1-bn-rehabilitate-pakistan-steel-mills.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Russia to provide USD 1 bn to rehabilitate Pakistan Steel Mills (opens in a new tab)\">Russia to provide USD 1 bn to rehabilitate Pakistan Steel Mills<\/a><\/p>\n\n\n\n<p>Headed by Chief Justice Gulzar Ahmed, a three-judge bench of the SC presided over the case. During the hearing, the chief justice asked as to why the PSM employees were receiving monthly wages despite the mill ceasing its operations since 2015. The court ordered the Secretary Ministry of Industries to review the matter and submit his response on a timely basis.<\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/govt-to-hold-psm-ownership.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Govt to retain control of Pakistan Steel Mills; partial revival on the cards: PSM Chairman (opens in a new tab)\">Govt to retain control of Pakistan Steel Mills; partial revival on the cards: PSM Chairman<\/a><\/p>\n\n\n\n<p>To this effect, the apex court\nremarked that the government should hire new people if it was interested to\noperationalise the mill. <\/p>\n\n\n\n<p>Previously, the federal government had announced its decision to postpone the PSM privatisation until further notice. According to reports, top government officials are divided on the matter of whether to privatise the PSM or to revive it under the China-Pakistan Economic Corridor (<a href=\"https:\/\/www.zameen.com\/news\/cpec-jwg-discusses-revival-pakistan-steel-mills.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"CPEC (opens in a new tab)\">CPEC<\/a>) framework.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Supreme Court (SC) on Thursday ordered the federal government to file its response with regard to the proposed privatisation of the Pakistan Steel Mills (PSM), according to news sources. Read: Russia to provide USD 1 bn to rehabilitate Pakistan Steel Mills Headed by Chief Justice Gulzar Ahmed, a three-judge bench of the SC presided over the case. During the hearing, the chief justice asked as to why the PSM employees were receiving monthly wages despite the mill ceasing its operations since 2015. The court ordered the Secretary Ministry of Industries to review the matter and submit his response on a timely basis. Read: Govt to retain control of Pakistan Steel Mills; partial revival on the cards: PSM Chairman To this effect, the apex court remarked that the government should hire new people if it was interested to operationalise the mill. Previously, the federal government had announced its decision to postpone the PSM privatisation until further notice. According to reports, top government officials are divided on the matter of whether to privatise the PSM or to revive it under the China-Pakistan Economic Corridor (CPEC) framework.<\/p>\n","protected":false},"author":75,"featured_media":61406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385,15016],"tags":[22993,22992,1976],"persona":[],"class_list":{"0":"post-62712","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"category-new-developments","9":"tag-psm","10":"tag-sc-seeks-govts-response-on-privatisation-of-pakistan-steel-mills","11":"tag-supreme-court","12":"cat-20385-id","13":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SC seeks govt&#039;s response on privatisation of PSM - Zameen News<\/title>\n<meta name=\"description\" content=\"Supreme Court (SC) on Thursday ordered the federal government to file its response with regard to the proposed privatisation of PSM\" \/>\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\/sc-seeks-govts-response-privatisation-psm.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SC seeks govt&#039;s response on privatisation of PSM - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Supreme Court (SC) on Thursday ordered the federal government to file its response with regard to the proposed privatisation of PSM\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sc-seeks-govts-response-privatisation-psm.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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