Russia seeks to invest in PSM: Jatoi

Federal Minister for Industries and Production Ghulam Murtaza Jatoi on Sunday said that the government was committed to restore Pakistan Steel Mills’ image and in this regard, comprehensive measures were being taken. The Minister said that Russia had shown interest to invest in Pakistan Steel Mills. He said that the sale of 26 percent shares of Steel Mills would produce positive results for making it profitable. 

He said the government was seeking an appropriate company for supplying of raw materials for Pakistan Steel Mills. To a question, he said the government had set up an independent commission for appointments of heads of different institutions to ensure transparency in the system. He blamed former governments for the plight condition of the institutions. The minister said the government was making serious efforts for the protection of industry for prosperity of the country. 

Copyright Associated Press of Pakistan, 2013

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