downfall of pakistan steel mills

  • SC holds PSM management responsible for its downfall

    Feb 04, 2021· Chief Justice Gulzar Ahmed on Thursday observed that the management of the Pakistan Steel Mills (PSM) was responsible for its downfall saying no misdeed can be carried out without the consent of the administration.CJP holds management responsible for PSM's downfall, says,Feb 04, 2021· Fahad Zulfikar Updated 04 Feb 2021 (Karachi) Chief Justice of Pakistan (CJP) Justice Gulzar Ahmed has held the management of the Pakistan Steel Mills responsible for its downfall and ordered.

  • The demise of Pakistan Steel Mills Herald

    Dec 10, 2018· A Soviet built machine at Pakistan Steel Mills The rot started much before 2014. Many blame it on the way the federal government of the Pakistan Peoples Party (PPP) that came to power in the.NAB to probe reasons behind downfall of Pakistan Steel Mills,Dec 29, 2017· ISLAMABAD: The National Accountability Bureau has decided to launch an inquiry to ascertain reasons and hold responsible for the dismal state of the Pakistan Steel Mills (PSM).

  • Pakistan Steel Mills Losses Grow to Over Rs. 200 Billion

    Jul 04, 2018· Pakistan Steel Mills Losses As mentioned earlier, PSM started to decline when PPP took up reins in 2008. There were several other reasons including the global recession and financial crisis of.NAB initiates inquiry into Pakistan Steel Mills downfall,ISLAMABAD: The National Accountability Bureau (NAB) has decided to put all those responsible for the downfall of the Pakistan Steel Mills (PSM) and loss of billions of rupees to the national

  • Pakistan Steel Mills Calamity: Reasons of Collapse

    Dec 01, 2019· Pakistan Steel Mills was a profitable well-managed organization since its establishment, although was a bit overloaded with extra political recruitment of employees from time to time. PSM even remained a profitable unit in last Military ruler Pervaiz Musharraf’s regime mainly in years 2001 to 2008.Pakistan Steel Mills in further trouble as losses swell to,Pakistan Steel Mills in further trouble as losses swell to Rs200b PPP, PML-N govts failed to prevent collapse of the industrial giant PSM, in a petition, asked the National Tariff Commission to slap anti-dumping duties on cheap steel imports that were among primary reasons for the collapse of the industrial giant.

  • Steel Mills at standstill Pakistan DAWN.COM

    Oct 27, 2014· ISLAMABAD: Having added Rs53 billion losses to its stock of Rs258bn debt and liabilities in 16 months, Pakistan Steel Mills has remained shut for three weeks and there are no signs of its immediate.NAB to probe reasons behind downfall of Pakistan Steel Mills,Dec 29, 2017· NAB to probe reasons behind downfall of Pakistan Steel Mills. By . He raised the important point that the steel mills were draining Rs1.4 billion from the national exchequer every month while

  • Pakistan Steel Mills Calamity: Reasons of Collapse

    Dec 01, 2019· Pakistan Steel Mills was a profitable well-managed organization since its establishment, although was a bit overloaded with extra political recruitment of employees from time to time. PSM even remained a profitable unit in last Military ruler Pervaiz Pakistan Steel Mills terminates 4544 employees: spokesman,Nov 27, 2020· The Pakistan Steel Mills (PSM) on Friday sacked its 4,544 employees and sent their termination letters via post, a spokesman of the mills said.

  • Asad Umar summoned by Supreme Court in Pakistan Steel

    Feb 04, 2021· The court in its remarks said that management is responsible for its downfall. By. Staff Reporter February 4, 2021. Facebook. Twitter. Pinterest. WhatsApp. On Thursday, while hearing the case on promotions of the Pakistan Steel Mill (PSM) employees, the Supreme Court of Pakistan has summoned Federal Planning Minister Asad Umar, PrivatisationSC holds administration responsible for plight of Pakistan,Feb 04, 2021· ISLAMABAD (Dunya News) Supreme Court (SC) on Thursday has blamed administration for the worst condition of Pakistan Steel Mills (PSM). While hearing a case pertaining to the promotion of steel mills employees, Chief Justice of Pakistan (CJP) Gulzar Ahmed has directed the minister for planning, development and special initiatives Asad Umar, minster for privatization Mian

  • Pakistan Steel Mills Amid Crisis Request PDF

    Pakistan Steel Mills Corporation (PSMC)—once a highly profitable organization and considered one of the largest and sole steel producers in Pakistan—is on the verge of collapse and passingThe demise of Pakistan Steel Mill Pakistan Defence,Oct 31, 2016· Right where the road enters the vast premises of Pakistan Steel Mills, a verse from the Quran is displayed on a billboard: “And we have sent down iron, wherein is great military might and benefits for the people.” Steel Mill Downfall started in Mush era when golden shake hands were given to employees and only those with political

  • downfall of pakistan steel mills

    Pakistan Steel Mills Pakistan Steel Mills Corporation (Pvt.) Limited also known as Pak Steels is a ding to Headquartered in Karachi Sindh Province of Pakistan the PSM is currently the largest industrial mega corporation having a production capacity of 1.1 5.0 million ton of steel and iron foundries.Pak steel mill (presentation),Apr 05, 2016· Pakistan steel mill need huge money injection to stay Afloat: At present the mill is running at only 3% of production capacity. Pakistan steel mill the biggest and only integrated steel mill in pakistan, is going through its worst financial and production crisis in its history of three decades. The mill has not only accumulated huge losses

  • Pakistan Steel Industry National Steel Advisory Council

    (1) Pakistan Steel Mills (PSM) has been out of commission since June 2015 (2) Peoples Steel Mills’ seamless pipe plant will be operational in March 2019 (3) 450,000 MT capacity of Spiral Welded Pipes & Polymer Coated Pipes includes Crescent Steel & Allied Products Ltd. and Data SteelEnd of an era for Pakistan Steel Mills Pakistan Gulf News,The Pakistan 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

  • CJP Gulzar Ahmed says he will order closure of Pakistan

    Feb 04, 2021· The Chief Justice of Pakistan said that the remaining 3,700 employees of the steel mills will be dismissed today, adding that 390 out of 437 officers of the mill will also be removed from theirHanif Abid Documentary on Pakistan Steel Mill 1 YouTube,Hanif Abid Documentary on Pakistan Steel

  • PIA the rise, fall and decline of a national flag

    Apr 07, 2018· Blogs, Pakistan. PIA the rise, fall and decline of a national flag-carrier. After the Partition, the airline shifted its base to Pakistan and established a vital link between Dhaka and Karachi.Pakistan Steel Mills terminates 4544 employees: spokesman,Nov 27, 2020· The Pakistan Steel Mills (PSM) on Friday sacked its 4,544 employees and sent their termination letters via post, a spokesman of the mills said.

  • Closure of PSM, removal of all officers to be ordered

    Feb 05, 2021· The Chief Justice of Pakistan said that the remaining 3,700 employees of the steel mills will be dismissed today, adding that 390 out of 437 officers of the mill will also be removed from theirSC tells PSM management, workers to settle their issues,Feb 10, 2021· The Supreme Court on Tuesday directed the Pakistan Steel Mills management and the employees to settle the issues. The court ordered for the payment of arrears to the employees and appointed senior

  • Pakistan Steel Mills Amid Crisis Request PDF

    Pakistan Steel Mills Corporation (PSMC)—once a highly profitable organization and considered one of the largest and sole steel producers in Pakistan—is on the verge of collapse and passingEnd of an era for Pakistan Steel Mills Pakistan Gulf News,The Pakistan 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

  • The demise of Pakistan Steel Mill Pakistan Defence

    Oct 31, 2016· Right where the road enters the vast premises of Pakistan Steel Mills, a verse from the Quran is displayed on a billboard: “And we have sent down iron, wherein is great military might and benefits for the people.” Steel Mill Downfall started in Mush era when golden shake hands were given to employees and only those with politicalSC holds administration responsible for plight of Pakistan,Feb 04, 2021· Pakistan is suffering from different challenges due to unorganized system, he added. The CJP further said that secretaries are afraid of National Accountability Bureau (NAB). Earlier, in view of the protest of laid-off employees, it was decided to deploy Pakistan Rangers outside Pakistan Steel Mills.

  • The Pakistan Steel Mills Dilemma. It’s April 2009. The

    It’s April 2009. The month is coming to an end, it’s 29th of the month. My father, who is an officer at Pakistan Steel Mills, comes home with a long-face. My mother asks for an update on hisPakistan Steel Mills Wikipedia,Pakistan Steel Mills Corporation (Pvt.) Limited (Urdu: پاکستان سٹیل ملز ‎), also known as Pak Steels, is a producer of long rolled steel and heavy metal products and entities in the country.. Headquartered in Karachi, Sindh Province of Pakistan, the PSM is the current largest industrial mega-corporation, having a production capacity of 1.1–5.0 million tonnes of steel and iron

  • Pakistan Steel Industry National Steel Advisory Council

    (1) Pakistan Steel Mills (PSM) has been out of commission since June 2015 (2) Peoples Steel Mills’ seamless pipe plant will be operational in March 2019 (3) 450,000 MT capacity of Spiral Welded Pipes & Polymer Coated Pipes includes Crescent Steel & Allied Products Ltd. and Data SteelKarachi protesters stage sit-in outside Pakistan Steel,The family members of the sacked employees of the Pakistan Steel Mills have gathered in protest outside the house of the company's CEO in Karachi's Steel Town. The chief and other employees of

  • Pakistan Steel Mill Issues YouTube

    Mar 11, 2017· Host Mirza Subhan Baig Guest Muhammad Zafar Khan. Pakistan Steel Mill, Pakistan Steel Mill ek aisa idara jo k ek waqton tak pakistan ki muaishiyat mein ek eham qirdar ada karta raha pakistan PSMA .:. Pakistan Steel Melters Association,Pakistan Steel Mills. In January, 1969, Pakistan Steel concluded an agreement with V/O Tiajproexport of the then USSR for the preparation of a feasibility report into the establishment of a steel mill at Karachi. Subsequently in January, 1971 Pakistan and the USSR signed an agreement under which the latter agreed to provide techno-financial

  • Samaa English Court holds management responsible for its

    The Supreme Court remarked on Thursday that the management of the Pakistan Steel Mills is responsible for its downfall. The top court was hearing a case on the promotions of the mill employees. Chief Justice Gulzar Ahmed said that mills that have been closed don't need a ,