Closed steel mill causes Rs79b loss
PSM incurs Rs57b in interest over 3 years; pays Rs3.9b in salaries, Rs9.1b in bills According to the Central Monitoring Unit, without reforms in subsidy governance, debt management, and operational modernisation, Pakistan’s trading SOEs and PSM will remain persistent fiscal liabilities. PHOTO: FILE ISLAMABAD: The closed Pakistan Steel Mills (PSM) cumulatively caused a whopping loss … Read more