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Russian government to provide more funds to PSM

  • The Federal Minister of Production Chaudhry Anwar Ali Cheema has said that the Russian government will provide more funds for the extension of Pakistan Steel Mills. Talking to newsmen here on Thursday the minister said that the Mills has started work after Rs 10 billion bail out package announced by the Federal government.

    He said the steel mills was giving only 15% production presently and after the bail out package the production will be increased up to 50% this year. The minister said the recruitments have also been stopped in the mills.

    Copyright Associated Press of Pakistan, 2012

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