PSM’s closure looms large as ministry halts gas supply to steel plant
202471· The design of the Pakistan Steel Mills, which has the capacity to produce 2.2 million tons of steel, was also given a 12% shareholding in 2009.
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Tribunal rules Pakistan Steel Mills abuses its dominant position
15 · ISLAMABAD: The Competition Appellate Tribunal (CAT) has upheld the Competition Commission of Pakistan’s (CCP) decision against Pakistan Steel Mills (PSM), …
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Pakistan Steel Mills: A Cortege to Collapse
The Economic Coordination Committee (ECC) of the Cabinet approved the retrenchment plan of Pakistan Steel Mills (PSM) to reduce the government’s financial burden. Since 2008-09, Pakistan’s government has been paying PKR …
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Organizational Behavior Project Report " Fall of Pakistan Steel Mill
Organizational Behavior Project Report " Fall of Pakistan Steel Mill, its problems and OB applicable models." project report pakistan steel mill organizational
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Pakistan Steel on the way to recovery
911· The new managerial team led by Brigadier Shujah Hassan Khurazmi of Pakistan Steel Mills (PSM) appears to have devised a way out of difficulty. Close 28.9 C. Karachi. …
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Steel sector sees 40% decline
1119· The management of Amreli Steels Limited (ASTL), on Friday, said the local steel industry has witnessed a contraction of around 40% the recent quarter due to the floods. …
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A look back at history of PSM
20131110· A private steel mill produces 350 to 450 tons per person per year while South Korean and Japanese mills produce 1,300-1,500 tons per person per year, chief executive of a …
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Blog: PAKISTAN STEEL MILLS CORPORATION (PSMC) AND …
Pakistan steel mills is on the way of collapse, and suffering from financial assistance and mismanagement (Asim & Zaki, 2013). PSMC started to decline when PPP took power in 2008.
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STEEL SECTOR
Major decline was witnessed in the regions of EU and North America which went down by~19% and ~18% respectively. Asia’s production (the highest across the world due to China and India …
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The Development of Steel Bar Mills in Pakistan
121· The 1970s witnessed a significant shift with the establishment of the Pakistan Steel Mills (PSM) in Karachi. This mega-project aimed to meet the growing demand for steel …
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End of an era for Pakistan Steel Mills
202064· The Pakistan Steel Mills’ total losses and liabilities are estimated at Rs400 billion (Dh9.026 billion). According to the ECC the PSM is facing Rs550 billion deficit and billions are …
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Sad End to Pakistan Steel Mills
2024719· The government’s decision to finally shutter the Pakistan Steel Mills consigns to the dustbin Pakistan’s first major industrial project. The Standard News and Views. Friday, …
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Privatizing Pakistan Steel-5268-News
20201210· The Pakistan Steel Mills (PSM) corporation’s story presents classic case studies, both on why state-owned enterprises (SOE) fail, and why compromising transparency …
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Pakistan's steel market struggles amid fluctuating global market
20241210· Aisha Steel Mills Limited (ASML), one of Pakistan's leading steel producers, reported a 57% decrease in net revenue to Rs4.58 billion during July-September 2024 quarter …
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Pakistan to Sell Shut Steel Mill That Costs $100 Million A Year
101· Pakistan is planning to sell its steel mills that have been shut since 2015 early next year after encouraging response from companies including Chinese and a Russian …
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Can Pakistan revive its steel mill?
2025113· However, mismanagement, financial inefficiencies, and political interference led to its decline. As of August 2024, total losses have ballooned to approximately Rs600 billion, …
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Govt decides to close Pakistan Steel Mills due to heavy losses
202473· ISLAMABAD: The federal government has decided to shut down Pakistan Steel Mills (PSM), a state-owned enterprise that has been suffering heavy losses for years. In a …
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The demise of Pakistan Steel Mills
1210· How Pakistan's largest integrated steel mills became non-operational. Herald Magazine. such a brief article on rise and fall of Pakistan steel. Here in Pakistan every …
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Sector Study
• Pakistan steel sector is majorly driven by private corporates. Pakistan Steel Mills (PSM) – a state owned giant with a capacity of 1.1mln tons has been offline since June 2015. • The …
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NAB to probe reasons behind downfall of Pakistan Steel Mills
20171229· ISLAMABAD: The National Accountability Bureau has decided to launch an inquiry to ascertain reasons and hold responsible for the dismal state of the Pakistan Steel …
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PIA – the rise, fall and decline of a national flag-carrier
PIA, Pakistan Steel Mills, State Life Insurance Corporation of Pakistan and Utility Stores Corporation are to name but a few examples of state institutions whose businesses have been destructed
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The fate of the PSM
20241028· According to the latest audited accounts for the year ending June 30, , the PSM recorded a net loss of R 25.45 billion, with accumulated losses reaching a staggering Rs224.63 billion. This financial haemorrhage …
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Pakistan Steel Mills: A Cortege to Collapse
The Economic Coordination Committee (ECC) of the Cabinet approved the retrenchment plan of Pakistan Steel Mills (PSM) to reduce the government’s financial burden. Since 2008-09, …
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70 years on: Looking back at key economic events in Pakistan's …
2017816· Pakistan’s first steel mill is inaugurated in Chittagong, East Pakistan (Bangladesh). 1971. Industrial base shrinks after Dhaka fall. January 2, 1972. Prime …
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Privatizing Pakistan Steel
20201210· Let us see the cost of a closed-down Pakistan Steel Mills to taxpayers. Pakistan Steel has been shut since 2015. However, the government has been paying the …
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Curtain to fall on Pakistan Steel Mills
202474· Pakistan. Curtain to fall on Pakistan Steel Mills. inp. July 4, 2024. The Federal government has decided to shut down Pakistan Steel Mills (PSM), a state-owned enterprise …
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NAB to probe reasons behind downfall of Pakistan Steel Mills
Special Report - NAB to probe reasons behind downfall of Pakistan Steel Mills
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Sad End to Pakistan Steel Mills
2024719· The government’s decision to finally shutter the Pakistan Steel Mills consigns to the dustbin Pakistan’s first major industrial project. The Standard News and Views. Friday, June 13, 2025. The Standard News and Views. …
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Constructive outlook of Pakistan steel industry
2019311· France produced 1.2 mt of crude steel in January 2019, a decline of 9.7 percent as against to January . Spain produced 1.2 mt of crude steel in January 2019, a rise of …
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The History and Future of Pakistan Steel Mill
2024116· Introduction | The Pakistan Steel Mill. The Pakistan Steel Mill, located in Karachi, is a significant industrial project that has played a crucial role in the country’s …
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