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The Pakistan Steel Mills’ total losses and liabilities are estimated at Rs400 billion (Dh9.026 billion). According to the ECC the
Pakistani Government has decided in June to lay off 9,350 employees of Pakistan Steel Mills. In Nov PSM C has discharge 4,544 employees, along with
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
If Pakistan Steel Mills had not lost those 26.526 billion rupees under Sheikh, that money could have been sufficient to pay
Pakistan steel mills is on the way of collapse, and suffering from financial assistance and mismanagement (Asim & Zaki, 2013). Many apparent and essential
Pakistan Steel Mills (PSM) is in an utter state of disrepair, as its total losses have swelled to over Rs 200 billion. The last time PSM was profitable was during the financial year 200708 when
THE federal production minister's candid admission that Pakistan Steel Mills is a liability and his call for selling it off should awaken those who still hold that the
Pakistan Steel Mills suffered a loss of Rs.10bn due to corrupt practices in that year; mismanagement and negligence caused further damages of Rs.12bn, and
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PSMC Downfall and Its Impact on the Economy; Undocumented Concerns and Tax Evasion; Lost Economies of Scale; Concerns and Challenges; Notes; References; Figures & Tables; Corruption case: SC apprised of Pakistan Steel Mills losses. The Express Tribune. Google Scholar. Cheema, U. (2011, 29 October). Pakistan Steel losses
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 200809, Pakistan’s government has been paying PKR 58 billion to PSM to cover worker salaries through bailout packages. The expectation was for PSM to be a The Economic
Pakistan steel mills is on the way of collapse, and suffering from financial assistance and mismanagement (Asim & Zaki, 2013). Many apparent and essential factors are attributed to this failure
Pakistan Steel Mills (PSM) is in an utter state of disrepair, as its total losses have swelled to over Rs 200 billion. The last time PSM was profitable was during the financial year 200708 when
Please bear in mind, the Pakistan Steel Mills, at one point in time, nurtured 17,000+ employees and their families. In , employee headcount stood at 9,350. Out of those, for 8000 employees’ possible sacking, ECC had previously approved of a Rs. 18.74 bn package (in May ) which would cater for their gratuity, provident funds and other
KARACHI: Pakistan Steel Mills (PSM) employees are going to challenge in court the company’s recent decision to terminate the contracts of thousands of workers, union representatives said on Sunday. The management of the stateowned company on Friday handed letters of termination to some 4,500 employees, arguing that PSM’s
THE federal production minister's candid admission that Pakistan Steel Mills is a liability and his call for selling it off should awaken those who still hold that the government can revive loss
In this Feb 8, picture, a man walks past machines at the hot strip mill department of the Pakistan Steel Mills. — Reuters/File. KARACHI: Pakistan Steel Mills (PSM) has terminated the
Pakistan Steel is a costal site which lies on the National Highway and is linked to the railway network. Spread over an area of 18,600 acres (29 square miles) with 10,390 acres for the main plant, 8070 acres
Pakistan Steel Mills (PSM) Board of Directors' incumbent Chairman is reported to have stated last week that PSM is in the process of revival and recovery. According to him, it needs to reinvent
Once the producer of almost half the country's steel needs, stateowned Pakistan Steel Mills' (PSM) cavernous factory buildings on the outskirts of Karachi stand eerily still.
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 200809, Pakistan’s government has been paying PKR 58 billion to PSM to cover worker salaries through bailout packages. The expectation was for PSM to be a The Economic
After the downfall of Pakistan Steel Mills, the private sector began setting up manufacturing units for flat steel products in Pakistan. The industry started its production in 2011 and was under
KARACHI: Pakistan Steel Mills (PSM) employees are going to challenge in court the company’s recent decision to terminate the contracts of thousands of workers, union representatives said on Sunday. The management of the stateowned company on Friday handed letters of termination to some 4,500 employees, arguing that PSM’s
Please bear in mind, the Pakistan Steel Mills, at one point in time, nurtured 17,000+ employees and their families. In , employee headcount stood at 9,350. Out of those, for 8000 employees’ possible sacking, ECC had previously approved of a Rs. 18.74 bn package (in May ) which would cater for their gratuity, provident funds and other
Pakistan Steel Mills (PSM) Board of Directors' incumbent Chairman is reported to have stated last week that PSM is in the process of revival and recovery. According to him, it needs to reinvent
According to data released by the Pakistan Bureau of Statistics (PBS), 4 during the first nine months of the current fiscal year –, imports surged to US$58.691 while exports remained at
By. News desk. . August 2. SENIOR officers and workers of Pakistan Steel Mills (PSM) reportedly were involved in the theft of material worth Rs 10 billion. The shocking revelation was made when the Ministry of Industries and Production approached the federal investigators and informed them about various theft incidents that took place
The current account gap and trade gap were recorded at 14.1 of GDP in 200708 and 15.3% highest ever. Continuation of this trend in economic sector can emerge as single most undermining factor for economic nonplus. Trade deficit in 200708 remained 53% on account of rising prices of petroleum products and decline of textile industry in Pakistan.
downfall of pakistan steel mills jkart.cz. The demise of Pakistan Steel Mills Herald. Dec 10, The entrance to Pakistan Steel Mills Photographs by Mohammad Ali, White Star On the fareast side of Karachi’s coast, the wind is always strong Except that on a recent day in August, not a leaf is stirring The ride on a road that branches off
