The future of Pakistan Steel Mills hangs in the balance as it is conspicuously absent from the latest list of the government’s privatisation program. Despite being deemed urgent for loss-making public enterprises like steel mills and PIA, the Caretaker Federal Minister for Privatization asserts that rehabilitation or privatisation is not currently feasible. While progress is being made on the privatisation of other institutions, including PIA, obstacles such as political opposition and court decisions persist, negatively impacting the nation. The imperative now is to forge a national consensus and proceed with the privatisation process to prevent the wastage of national resources. There is a proposal from the Federal Minister for Privatization to transform the steel mills into an export promotion zone.

Source: The Nation January 09, 2024 04:04 UTC