{"id":93306,"date":"2023-04-07T13:12:01","date_gmt":"2023-04-07T08:12:01","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=93306"},"modified":"2023-04-07T13:12:04","modified_gmt":"2023-04-07T08:12:04","slug":"chinese-firms-consortium-lead-acquire-psm","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/chinese-firms-consortium-lead-acquire-psm.html","title":{"rendered":"Chinese firms&#8217; consortium in lead to acquire PSM"},"content":{"rendered":"\n<p>Islamabad: A consortium of four Chinese firms is in advanced talks for acquiring the state-owned company \u2013 Pakistan Steel Mills (PSM), according to news published on April 6. This is considered a major development for the revival of PSM.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/investments-invited-psm.html\" target=\"_blank\" rel=\"noreferrer noopener\">Investments invited for Pakistan Steel Mills<\/a><\/p>\n\n\n\n<p>The news source mentioned that the Privatization Commission is leading the process of privatising PSM. It was stated that the commission has been in contact with various firms already involved in the bidding process. The consortium is in the lead for acquiring the steel mills.<\/p>\n\n\n\n<p>As per Ministry of Industries and Production officials, two <a href=\"https:\/\/www.zameen.com\/news\/chinese-firms-to-revive-psm.html\" target=\"_blank\" rel=\"noreferrer noopener\">Chinese firms<\/a> have visited PSM. So far, the right companies have shown interest in obtaining PSM whereas another consortium of six companies has submitted eligibility documents for taking part in the bidding process.<\/p>\n\n\n\n<p>Reportedly, Steel Corp Private Limited has acquired PSM\u2019s main plan and 1,229 acres of company property. The National Electric Power Regulatory Authority (NEPRA) has issued a power generation license in the name of the company.<\/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 the higher-ups in the government, privatisation of PSM is essential for the economic growth of the country. It will bring in foreign direct investment and generate employment along with creating productive capacity for sustaining domestic infrastructure development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: A consortium of four Chinese firms is in advanced talks for acquiring the state-owned company \u2013 Pakistan Steel Mills (PSM), according to news published on April 6. This is considered a major development for the revival of PSM. Read: Investments invited for Pakistan Steel Mills The news source mentioned that the Privatization Commission is leading the process of privatising PSM. It was stated that the commission has been in contact with various firms already involved in the bidding process. The consortium is in the lead for acquiring the steel mills. As per Ministry of Industries and Production officials, two Chinese firms have visited PSM. So far, the right companies have shown interest in obtaining PSM whereas another consortium of six companies has submitted eligibility documents for taking part in the bidding process. Reportedly, Steel Corp Private Limited has acquired PSM\u2019s main plan and 1,229 acres of company property. The National Electric Power Regulatory Authority (NEPRA) has issued a power generation license in the name of the company. Read: Roadshow begins in Islamabad for privatisation of Pakistan Steel Mills According to the higher-ups in the government, privatisation of PSM is essential for the economic growth of the country. It will&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":[15012],"tags":[56841,50023],"persona":[],"class_list":{"0":"post-93306","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"tag-chinese-firms-consortium-in-lead-to-acquire-psm","9":"tag-pakistan-steel-mills-psm","10":"cat-15012-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&#039; consortium in lead to acquire PSM - Zameen News<\/title>\n<meta name=\"description\" content=\"A consortium of four Chinese firms is in advanced talks for acquiring the state-owned company \u2013 Pakistan Steel Mills (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\/chinese-firms-consortium-lead-acquire-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&#039; consortium in lead to acquire PSM - Zameen News\" \/>\n<meta property=\"og:description\" content=\"A consortium of four Chinese firms is in advanced talks for acquiring the state-owned company \u2013 Pakistan Steel Mills (PSM).....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/chinese-firms-consortium-lead-acquire-psm.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-07T08:12:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-07T08:12:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/04\/Steel-Industry.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Iqra Masood\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Iqra Masood\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Chinese firms' consortium in lead to acquire PSM - Zameen News","description":"A consortium of four Chinese firms is in advanced talks for acquiring the state-owned company \u2013 Pakistan Steel Mills (PSM).....","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/chinese-firms-consortium-lead-acquire-psm.html","og_locale":"en_US","og_type":"article","og_title":"Chinese firms' consortium in lead to acquire PSM - Zameen News","og_description":"A consortium of four Chinese firms is in advanced talks for acquiring the state-owned company \u2013 Pakistan Steel Mills (PSM).....","og_url":"https:\/\/www.zameen.com\/news\/chinese-firms-consortium-lead-acquire-psm.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2023-04-07T08:12:01+00:00","article_modified_time":"2023-04-07T08:12:04+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/04\/Steel-Industry.jpg","type":"image\/jpeg"}],"author":"Iqra Masood","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Iqra Masood","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/chinese-firms-consortium-lead-acquire-psm.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/chinese-firms-consortium-lead-acquire-psm.html"},"author":{"name":"Iqra Masood","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/377abfe4dc60870161cf052d458a2925"},"headline":"Chinese firms&#8217; consortium in lead to acquire PSM","datePublished":"2023-04-07T08:12:01+00:00","dateModified":"2023-04-07T08:12:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/chinese-firms-consortium-lead-acquire-psm.html"},"wordCount":224,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/chinese-firms-consortium-lead-acquire-psm.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/04\/Steel-Industry.jpg","keywords":["Chinese firms&#039; consortium in lead to acquire PSM","Pakistan Steel Mills (PSM)"],"articleSection":["Allied Industries"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/chinese-firms-consortium-lead-acquire-psm.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/chinese-firms-consortium-lead-acquire-psm.html","url":"https:\/\/www.zameen.com\/news\/chinese-firms-consortium-lead-acquire-psm.html","name":"Chinese firms' consortium in lead to acquire PSM - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/chinese-firms-consortium-lead-acquire-psm.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/chinese-firms-consortium-lead-acquire-psm.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/04\/Steel-Industry.jpg","datePublished":"2023-04-07T08:12:01+00:00","dateModified":"2023-04-07T08:12:04+00:00","description":"A consortium of four Chinese firms is in advanced talks for acquiring the state-owned company \u2013 Pakistan Steel Mills (PSM).....","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/chinese-firms-consortium-lead-acquire-psm.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/chinese-firms-consortium-lead-acquire-psm.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/chinese-firms-consortium-lead-acquire-psm.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/04\/Steel-Industry.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/04\/Steel-Industry.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/chinese-firms-consortium-lead-acquire-psm.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"Chinese firms&#8217; consortium in lead to acquire PSM"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/377abfe4dc60870161cf052d458a2925","name":"Iqra Masood","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/istockphoto-917649844-170667a-96x96.jpg","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/istockphoto-917649844-170667a-96x96.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/05\/istockphoto-917649844-170667a-96x96.jpg","caption":"Iqra Masood"},"description":"Iqra holds BS in International Relations and is passionate about writing engaging content on trending real estate topics. When not working, she is either spending time with family, shopping, or discussing shows &amp; movies.","sameAs":["http:\/\/zameen.com"],"url":"https:\/\/www.zameen.com\/news\/author\/iqramasood"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/93306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/83"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=93306"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/93306\/revisions"}],"predecessor-version":[{"id":93310,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/93306\/revisions\/93310"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/63768"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=93306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=93306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=93306"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=93306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}