Ishaq Dar directs PC, MoIP to resolve outstanding issues at mills

ISLAMABAD, Dec 1 (APP): The Federal Minister for Finance Senator Mohammad Ishaq Dar Thursday directed the Privatization Commission
(PC) and Ministry of Industries and Production (MoIP) to coordinate and suggest measures to resolve the outstanding issues at the mills.
He said this while chairing a meeting here with the Privatization Commission of Pakistan to review the matters related to Pakistan Steel Mills, a press release issued here said.
Chairman Privatization Commission gave a detailed presentation on matters pertaining to Pakistan Steel Mills (PSM) and its administration.
Secretary Industries and Production informed that the new CEO of PSM has assumed charge and is attending issues related to administration and finance.
After the presentation, the finance minister said the government is committed to finding a way forward and resolving the issues of PSM.
He said the government is keen to encourage the participation of the private sector in PSM in order to make sure that this asset makes its due contribution to Pakistan’ economy, including through creation of jobs.
He highlighted the government’s commitment to the workers of PSM is demonstrated by the fact that the government paying the salaries to the employees, even when no production is taking place.
Chairman, Privatization Commission, Secretary Industries & Production, Special Assistant to Finance Minister, CEO PSM and other senior officials of Finance Division participated in the meeting.