{"id":80377,"date":"2021-10-07T16:24:30","date_gmt":"2021-10-07T11:24:30","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=80377"},"modified":"2021-10-07T16:24:34","modified_gmt":"2021-10-07T11:24:34","slug":"chinese-firms-to-revive-psm","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/chinese-firms-to-revive-psm.html","title":{"rendered":"Chinese firms keen on extending support for revival of Pakistan Steel Mills"},"content":{"rendered":"\n<p>Islamabad: As many as three Chinese companies have shown interest in the revival of Pakistan Steel Mills (PSM) \u2013 the largest steel manufacturing complex of Pakistan, according to news published on Thursday (October 7).\u00a0<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/roadshow-privatisation-psm.html\" target=\"_blank\" rel=\"noreferrer noopener\">Roadshow begins in Islamabad for privatisation of Pakistan Steel Mills<\/a><\/p>\n\n\n\n<p>According to sources, the companies that have shown interest include Metallurgical Corporation of China (MCC). It was reported that the companies are willing to come to Pakistan to work on the revival of PSM. MCC &#8211; as a state-owned company in the iron and steel industry \u2013 aims to become a model business to boost economic cooperation between Pakistan and China through the improvement of social welfare and the local economy.<\/p>\n\n\n\n<p>As per the officials at the Privatisation Commission of Pakistan, the government expects to attract <a href=\"https:\/\/www.zameen.com\/news\/investments-invited-psm.html\" target=\"_blank\" rel=\"noreferrer noopener\">foreign investment<\/a> of USD 1 million by the year-end for PSM\u2019s revival. It was mentioned that Russian investors were also interested in the revival of PSM.\u00a0<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/ccop-soa-revival-psm.html\" target=\"_blank\" rel=\"noreferrer noopener\">CCoP approves \u2018Scheme of Arrangement\u2019 for revival of Pakistan Steel Mills<\/a><\/p>\n\n\n\n<p>Furthermore, it was reported that PSM has the capacity to produce three million tons of cold and hot-rolled steel annually. According to the plan, a new subsidiary \u2013 Steel Corp Limited \u2013 will be formed that will be offered to foreign investors.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: As many as three Chinese companies have shown interest in the revival of Pakistan Steel Mills (PSM) \u2013 the largest steel manufacturing complex of Pakistan, according to news published on Thursday (October 7).\u00a0 Read: Roadshow begins in Islamabad for privatisation of Pakistan Steel Mills According to sources, the companies that have shown interest include Metallurgical Corporation of China (MCC). It was reported that the companies are willing to come to Pakistan to work on the revival of PSM. MCC &#8211; as a state-owned company in the iron and steel industry \u2013 aims to become a model business to boost economic cooperation between Pakistan and China through the improvement of social welfare and the local economy. As per the officials at the Privatisation Commission of Pakistan, the government expects to attract foreign investment of USD 1 million by the year-end for PSM\u2019s revival. It was mentioned that Russian investors were also interested in the revival of PSM.\u00a0 Read: CCoP approves \u2018Scheme of Arrangement\u2019 for revival of Pakistan Steel Mills Furthermore, it was reported that PSM has the capacity to produce three million tons of cold and hot-rolled steel annually. According to the plan, a new subsidiary \u2013 Steel Corp Limited&hellip;<\/p>\n","protected":false},"author":83,"featured_media":63768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[48740,48743,48742,48741],"persona":[],"class_list":{"0":"post-80377","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-chinese-firms-keen-on-extending-support-for-revival-of-pakistan-steel-mills","9":"tag-companies-are-willing-to-come-to-pakistan-to-work-on-the-revival-of-psm","10":"tag-metallurgical-corporation-of-china","11":"tag-three-chinese-companies-have-shown-interest-in-the-rev","12":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Chinese firms keen on extending support to revive PSM- Zameen News<\/title>\n<meta name=\"description\" content=\"As many as three Chinese companies have shown interest in the revival of Pakistan Steel Mills (PSM) \u2013 the largest steel manufacturing complex of Pakistan..\" \/>\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\/chinese-firms-to-revive-psm.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese firms keen on extending support to revive PSM- Zameen News\" \/>\n<meta property=\"og:description\" content=\"As many as three Chinese companies have shown interest in the revival of Pakistan Steel Mills (PSM) \u2013 the largest steel manufacturing complex of Pakistan..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/chinese-firms-to-revive-psm.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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