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pakistan steel mills remain shut since 3 weeks with no sign

Pakistan Steel Mills-- The other side of the story. May 30, 2020· Themillhas been incurring lossessince2008/9 and its operations completelyshutdown in 2015 The supportive group of employees understands that the management has been taking loans from the Government to pay the salaries of the employees which is a big burden on the poor taxpayer ofPakistan

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  • Steel Mills at standstill Pakistan
    Steel Mills at standstill Pakistan

    Oct 27, 2014· ISLAMABAD: Having added Rs53 billion lossestoits stockofRs258bn debtandliabilitiesin16 months,Pakistan Steel Millshas remainedshut for three weeks andthere areno signs of…

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  • End of an era for Pakistan Steel Mills MSN
    End of an era for Pakistan Steel Mills MSN

    ThePakistan 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 being spent ...

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  • The demise of Pakistan Steel Mills Herald
    The demise of Pakistan Steel Mills Herald

    Dec 10, 2018· Inside the iron making department ofPakistan Steel Mills.SinceRehan filed his petition, there have been about half a dozen hearings. There has beennosubstantial progress in the case though. As the judges rise to leave for Friday prayers at 12:30 pm on September 2, Shah and his lawyer, Nadeem Shaikh, go to their desk and plead for a hearing.

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  • Pakistan Steel Mills Sisyphean story of mismanagement
    Pakistan Steel Mills Sisyphean story of mismanagement

    Jun 11, 2020· The machinery and equipment installed on 1,800 acres will be privatized, while 18,000 acres willremainthe government’s property. Supreme Court meddling in matters they didn’t understand . The case ofPakistan Steel Millsmay aptly be called a “comedy of errors” – with abundant contribution from the Supreme Court ofPakistan.

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  • Pakistan Steel Mills The other side of the story
    Pakistan Steel Mills The other side of the story

    May 30, 2020· Themillhas been incurring lossessince2008/9 and its operations completelyshutdown in 2015. The supportive group of employees understands that the management has been taking loans from the Government to pay the salaries of the employees which is a big burden on the poor taxpayer ofPakistan.

    Get Price
  • PTI govt excludes PSM from CPEC framework Pakistan Defence
    PTI govt excludes PSM from CPEC framework Pakistan Defence

    Feb 23, 2020· The government has decided not to includePakistan Steel Mills(PSM) in the China-PakistanEconomic Corridor (CPEC) framework, reversing its earlier decision to offer the country’s largest industrial unit, which has remained closed for almost five years, exclusively to Chinese investors.

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  • PTI govt excludes PSM from CPEC framework Stay Updated
    PTI govt excludes PSM from CPEC framework Stay Updated

    ISLAMABAD: The government has decidednotto includePakistan Steel Mills (PSM) in the China-PakistanEconomic Corridor (CPEC) framework, reversing its earlier decision to offer the country’s largest industrial unit, which has remained closed for almost five years, exclusively to Chinese investors.

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  • Pakistan steel industry will meet future demand The
    Pakistan steel industry will meet future demand The

    Pakistan Steel Mills Pakistan Steel MillsCorporation (Pvt.) Limited, also known as Pak Steels, is a ding to Headquartered in Karachi, Sindh Province ofPakistan, the PSM is currently the largest industrial mega corporation, having a production capacity of 1.1, 5.0 million ton ofsteeland iron foundries.

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  • Crumbling steel Newspaper
    Crumbling steel Newspaper

    Apr 29, 2019·Pakistan'ssteelproduction is failing (or otherwise cannot compete globally) because we are using a 19th century technology brought by the British. This is all we have. It is better to forget it ...

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  • PakistanPanel Approves Firing 9,000 Workers BeforeMill
    PakistanPanel Approves Firing 9,000 Workers BeforeMill

    The government spends 700 million rupees monthly to meet expenses ofPakistan Steel, established in 1973 with help from the then Soviet Union. The company’smillshave beenshut since2015 and total losses stand at 230 billion rupees, Azhar said, adding the government plans to bring in private investors to run the company.

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  • (PDF)Internship report Pakistan Steel Mills
    (PDF)Internship report Pakistan Steel Mills

    ThePakistan Steel Mill’s accounts department co nsist on nine different sections, and all of these are describe below with their purpose and functions in detail. 1.

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  • Not Found
    Not Found

    In a country where everysteel millowner drives sports cars and expensive SUVs, thePakistan Steel Mills remain shut, bleeding billions of rupees a year. Does anyone even remember how on the momentous return to full democracy, Asif Zardari plundered $350 million in cash from the PAKSteel Mills…

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  • Still waiting for the bear hug The Hindu
    Still waiting for the bear hug The Hindu

    Sep 28, 2012·Pakistanwants Russia to overhaul the Karachisteel mills, undertake several power sector projects and help prospect for oil and gas, but details of the deals are yet to be finalised.

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  • steelindustry Latest News onsteelindustry Top
    steelindustry Latest News onsteelindustry Top

    Oct 26, 2020· Stainlesssteelindustry seeks zero duty on ferro-nickel, scrap in upcoming Budget. Ahead of the Budget, the Indian StainlessSteelDevelopment Association (ISSDA) has urged the government to remove import duty on ferro-nickel and stainlesssteelscrap. Currently, ferro-nickel and stainlesssteelscrap attract basic customs duty (BCD) of 2.5%.

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  • Weekly News Roundup Mettis Global News
    Weekly News Roundup Mettis Global News

    Sep 06, 2020· September 6, 2020 (MLN): The highlights of the important economic and business events that took place during the last week are in order so as to become acquainted with the recent developments inPakistan’s economic and public policy. Events of Importance through the Week: Prime Minister Imran Khan on Saturday announced a historic Rs1,100 billion package under the Karachi …

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  • Schools toremainclosed for 10 more days in Haryana, says
    Schools toremainclosed for 10 more days in Haryana, says

    Nov 28, 2020· Ambala (Haryana) [India], November 28 (ANI): Haryana Home Minister Anil Vij on Saturday said that schools in the state willremain shutfor 10 more days in …

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  • From the green of a football field to the StayUpdated
    From the green of a football field to the StayUpdated

    Mar 27, 2016· Meanwhile,Pakistan Steel Millsdefender Abrar Ahmed fears a similar future for himself and his teammates. Ahmed and 25 other footballers inSteel Millshave been told to perform duties at an ...

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  • How coronavirus is impacting commodities markets Fastmarkets
    How coronavirus is impacting commodities markets Fastmarkets

    Pakistan steelscrap import resilience in pandemic demonstrates need for shredded index. ... Lithium fundamentals showno signof near-term recovery, says broker SCB. ... Two more Italiansteel mills shutdown, further closures possible, sources say.

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  • America's Cyber War Against Pakistan
    America's Cyber War Against Pakistan

    Oct 19, 2011· The Express Tribune reports that Russia is offering to helpPakistaninsteeland energy projects. ISLAMABAD: Russia has announced a grant of $500 million for reviving the financially troubledPakistan Steel Millsand also shown willingness to finance $500 million for a 1,000 megawatt regional electricity transmission project.

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  • Business Investment News Page 254 SkyscraperCity
    Business Investment News Page 254 SkyscraperCity

    Jul 04, 2009·Pakistanand China have reportedly discussed the possibility to includePakistan Steel Mills(PSM) in ChinaPakistanEconomic Corridor (CPEC), well informed sources told Business Recorder. This proposal came under discussed at 9th Joint Cooperation Committee (JCC) meeting held on November 6, 2019 in Islamabad.

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  • PakistanPanel Approves Firing 9,000 Workers BeforeMill
    PakistanPanel Approves Firing 9,000 Workers BeforeMill

    The government spends 700 million rupees monthly to meet expenses ofPakistan Steel, established in 1973 with help from the then Soviet Union. The company’smillshave beenshut since2015 and total losses stand at 230 billion rupees, Azhar said, adding the government plans to bring in private investors to run the company.

    Get Price
  • PAGEPress Releases Pakistan Gulf Economist
    PAGEPress Releases Pakistan Gulf Economist

    Jun 29, 2020· The COVID-19 pandemic broughtPakistanto a standstill,shutdown businesses, and cracked down on the country’s slow-growing economy. Infographics show thatPakistanhas been severely hit by the pandemic with 148,921 confirmed cases as of today, further dampening the health and welfare sector of the country.

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  • Comparative analysis of greenhouse gasemission inventory
    Comparative analysis of greenhouse gasemission inventory

    Mar 01, 2020· This is because thePakistan steelindustry wasshutdown in 2017, resulting innocoke or pig iron production according to national statistics. The trend for the metal industry also shows that iron andsteelproduction inPakistanhas continued to declinesince1994. Download : Download high-res image (444KB) Download : Download full-size image

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  • A ready reckoner on what the IMF wants from Pakistan
    A ready reckoner on what the IMF wants from Pakistan

    SinceMay 16, the State Bank ofPakistanhas “allowed the exchange rate to be market determined". ...Pakistan Steel Mills, andPakistanRailways — have continued to accumulate, now totalling ...

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  • Business Investment News Page 254 SkyscraperCity
    Business Investment News Page 254 SkyscraperCity

    Jul 04, 2009·Pakistanand China have reportedly discussed the possibility to includePakistan Steel Mills(PSM) in ChinaPakistanEconomic Corridor (CPEC), well informed sources told Business Recorder. This proposal came under discussed at 9th Joint Cooperation Committee (JCC) meeting held on November 6, 2019 in Islamabad.

    Get Price
  • Weekly News Roundup Mettis Global News
    Weekly News Roundup Mettis Global News

    Sep 06, 2020· September 6, 2020 (MLN): The highlights of the important economic and business events that took place during the last week are in order so as to become acquainted with the recent developments inPakistan’s economic and public policy. Events of Importance through the Week: Prime Minister Imran Khan on Saturday announced a historic Rs1,100 billion package under the Karachi …

    Get Price
  • America's Cyber War Against Pakistan
    America's Cyber War Against Pakistan

    Oct 19, 2011· The Express Tribune reports that Russia is offering to helpPakistaninsteeland energy projects. ISLAMABAD: Russia has announced a grant of $500 million for reviving the financially troubledPakistan Steel Millsand also shown willingness to finance $500 million for a 1,000 megawatt regional electricity transmission project.

    Get Price
  • steelindustry Latest News onsteelindustry Top
    steelindustry Latest News onsteelindustry Top

    Oct 26, 2020· Stainlesssteelindustry seeks zero duty on ferro-nickel, scrap in upcoming Budget. Ahead of the Budget, the Indian StainlessSteelDevelopment Association (ISSDA) has urged the government to remove import duty on ferro-nickel and stainlesssteelscrap. Currently, ferro-nickel and stainlesssteelscrap attract basic customs duty (BCD) of 2.5%.

    Get Price
  • Vietnam says Taiwanese steel millto pay $500m for pollution
    Vietnam says Taiwanese steel millto pay $500m for pollution

    Jul 12, 2016· Afterweeksof investigation, Vietnamese officials laid the blame on Formosa, a Taiwanese conglomerate that is building a multi-billion-dollarsteelplant in the area where the fish died. "Violation and mistakes" in building the Formosa plant caused the pollution and "abnormal mass fish deaths", according to Mai Tien Dung, chairman of the ...

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  • 20 Best Latest News images in 2020 latest news
    20 Best Latest News images in 2020 latest news

    Aug 13, 2020 - Explore ARY News's board "Latest News", followed by 5011 people on Pinterest. See more ideas about Latest news,Pakistannews, Lower house.

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  • Pakistan United States Department of State
    Pakistan United States Department of State

    On June 24, 2006, the Supreme Court ofPakistandeclared the privatization ofPakistan Steel MillsCorporation (the country's largeststeel mill) unconstitutional and illegal. The Privatization Commission has filed a review petition (i.e., an appeal) in response to the Supreme Court's action.

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  • Goa's Fomentowins legal battle with Pakistan Steel Mills
    Goa's Fomentowins legal battle with Pakistan Steel Mills

    Read more about Goa's Fomentowins legal battle with Pakistan Steel Millson Business Standard. India’s third-largest iron ore miner ,Fomento Resources, said its five-year legal battle with state-ownedPakistan Steel Mills(PSM) over an earlier ore supply contract came to an end after thesteelmaker paid compensation of Canadian $8.9 million

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  • UK imposesthree week lockdown amid coronavirus outbreak
    UK imposesthree week lockdown amid coronavirus outbreak

    “Stayat home,” Prime Minister Boris Johnson said in a televised address to the nation, as he unveiled unprecedented peacetime measures after the country’s death toll climbed to 335. The announcement came after outrage in government that recommendations about reducing social contact to minimize close-contact transmission of the virus were ...

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  • Report on condensed school syllabus will be submitted to
    Report on condensed school syllabus will be submitted to

    Nov 28, 2020· Educational institutions have been closedsinceMarch following the Covid-triggered lockdown and though the government allowed reopening of schools for Classes 9-12 recently, it later withdrew the order after opposition from various quarters over fears of coronavirus. ...Pakistan Steel Millsemployees protest against their sacking by Imran ...

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