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According to media reports, a … News Beat (Pakistan Steel Mills Privatization) - 5th June 2020 ... News Beat (Pakistan Steel Mills Privatization) - 5th June 2020 Youtube. In this Feb 8, 2016 picture, a man walks past machines at the hot strip mill department of the Pakistan Steel Mills. Photo: AFP FILE. . . Pakistan Steel Mill's 4544 workers have been retrenched from their jobs and their dismissal orders have been issued and posted them to employees homes.On this request hearing the news of dismissal one employee of Steel Mill Habib-u-Allah has died cau ... 2020. Pakistan Steel Mills Blogs, Comments and Archive News on Economictimes.com The minister further informed that Pakistan’s steel consumption stands at seven million tonnes adding that despite several steel mills being operational in the country Pakistan still imports iron and steel products to fulfill its demand. 7,884 employees to be fired Read More. ISL is driven by the passion of its people, who work tirelessly to create value for the various stakeholders of the company. New internship opportunities have been launched for fresh candidates. Fed govt wants to handover Pakistan Steel Mills to close aides, claims Sindh LG minister. شیر کی ایک دن کی زندگی گیدڑ کی سو سالہ زندگی سے بہتر ہے. April 11, 2021. The Economic Coordination Committee (ECC) on Wednesday 3 rd June, approved to relieve the Pakistan Steel Mill … News Eye (Pakistan Steel Mills Privatization) - 4th June 2020 ... News Eye (Pakistan Steel Mills Privatization) - 4th June 2020 Youtube. Peoples Steel Mills Internship 2020. It is to be noted that Pakistan Steel’s Oxygen Plant has been closed since 2015 which can be activated in 8 to 12 days with the help of a staff of 40 persons. The Pakistani government had to grant PKR400 million ($2.49 million) every year for the mill’s employees’ salaries. Web Desk. Pakistan steel mills. These positions are located in Karachi. According to a notification issued by the Establishment Division on Friday (August 7, 2020), the appointment of Brig (r) Shujah Hassan would be for one year with immediate effect. ... PM orders to speed up process for revival of Pakistan Steel Mills. ECC Approves Firing All Pakistan Steel Mills Employees. End of an era for Pakistan Steel Mills. All employees of Pakistan Steel Mills fired at ECC meeting Related Posts Special messages to the nation on the occasion of Defense… Sep 6, 2020 […] June 5, 2020. FEDERAL SECRETARY MINISTRY OF INDUSTRIES & RODUCTION ISLAMABAD DOES NOT REPLY OF MY ATTACHED BELOW APPLICATION DATED 10 06 2019 WHICH IS SELF EXPLANATORY regarding my service promotions & after retirement benefits in PAKISTAN STEEL MILL , WHERE AS SEVERAL TIMES APPROACHED TO CALL FOCAL … The federal government has appointed Brig (r) Shujah Hassan as the Chief Executive Officer (CEO) of the Pakistan Steel Mills. Share. 2 years ago Islamabad district administration breaks tax collection record. The Economic Coordination Committee (ECC) has decided to lay off all the employees of Pakistan Steel Mills. A general view of the deserted hot strip mill department of the Pakistan Steel Mills .— Reuters/File ... 2020 08:47am. Popular Posts. China alone increased its production to 996 million tones in 2019, and increased its share of the global crude steel industry from 50.9% to 53.3%. 2 years ago FBR extends deadline to file tax returns. Too many misleading analyses have been written on the Steel Mill’s affairs. Fawad Yousafzai. May 14, 2020. Follow Us on Social Media. اسٹرونگ CBAوالے بحال اسٹیل مل کو بے حال کرنے کے بعد خرگوش کی نیند سو رہے ہیں. On August 28, the Pakistan Steel Mills (PSM) formally asked the federal government to disburse an amount of over Rs11.44 billion so that it could pay the dues of the retired employees. Tue, Jun 23, 2020 . — Reuters/File. Mcq Added by: Umair Aslam Muhammadi. June 5, 2020. For every six ton of cement, one ton of steel is used for construction. That can be a good starting point. By 2022, Pakistani cement industry will have about 70 million ton of capacity. By that estimate, steel capacity should be around 12 million ton, but it is only going to be 4.5 million ton. Pakistan Steel Mill is listing with the nation capable to produce steel (10 to 50mln ton of steel) and iron foundries locally. In comparison, the total steel demand of Pakistan is tiny, at around 7.1 million tons annually, of which imports meet 45% of local demand. Amidst the criticism, the Pakistan Tehreek-e-Insaaf government has been taken an array of decisions turns to embroil the nation for being unpopular. Pakistan Steel Mills only require 1,000 employees, authorities tell court. Pakistan Steel Mills can rightly be called a stillbirth; a wish that never was: a case of chasing shadows: and a dream turned nightmare; not because it was destiny but for other factors. In Nov 2020, Pakistan Steel Mills has sacked 4,544 employees, including divisional and assistant managers, due to its cost reduction exercise. At one stage during lifetime, the PSM had 30,000 employees which has now reduced to an estimated 9,000 employees out of which many employees had retired. Advertisement. Prime Minister to chair parliamentary party meeting today. Address: 1/F Arif Habib Center, 23 M.T. Read More: Pakistan Steel Mills huge burden on taxpayers: Hammad The federal cabinet will go ahead with the privitization and provide a golden handshake to its employees. Yet again, a decision came up on Wednesday to place Pakistan Steel Mills (PSA) on the privatization list days after the ministry’s denial to privatize the country’s largest industrial asset. Good News for Pakistan Steel Mills Employees | Breaking News #PakistanSteelMills #HaleemAdilSheikh #PTIGovt ISLAMABAD: Federal Minister for Industries and Production Muhammad Hamad Azhar on Wednesday rejected rumors regarding privatisation of Pakistan Steel Mills (PSM) and said that the steel mill will be run in collaboration with private partners. The Pakistan Steel Mills Corporation, colloquially referred to as Pak Steels, is a Pakistan-based company that produces long-rolled steel and heavy metal products in the country.. Headquartered in Karachi, Sindh, the PSMC is currently the largest industrial mega-corporation in Pakistan, having a production capacity of 1.1–5.0 million tonnes of steel and iron foundries. Revival of Steel Mills would be a monumental good news … A team of experts will visit the Pakistan Steel Mills today to assess the situation. -. Article continues after this advertisement. Tel: +92 21 32468317 Tel: +92 21 32468319 Tel: +92 21 32468322 Fax: +92 21 3246 8316 Company NTN & Registration. Pakistani labourers pour melted metal into a cast at an iron factory in Karachi on April 30, 2019. Mughal Steel is investing around Rs1.0 billion to increase its total capacity from Pakistan’s key relationships are with China, US, India, Russia, Afghanistan, Iran and the European Union. Peoples Steel Mills Limited has announced its new and latest career opportunities for fresh and deserving candidates. Fight Between Navy And Police Officials in Karachi, Video Went Viral, … Rauf Klasra's Exclusive Talk With Ayesha Mazhar Who Wept During Call to PM Imran Khan Views 4234 | May 31, 2021. Read also this news: Pakistan Steel employees offer to restore oxygen plant closed for years. ISLAMABAD: Efforts to revive Pakistan Steel Mills (PSM) have hit a roadblock because of a lack of interest shown by financial advisers as the government may take six more months to … Latest Business news Pakistan, Pakistan's #1 News Channel, BOL News along with exclusive news reports and videos from BOL News Channel. This backlash comes from the employees of Pakistan Steel Mills and the opposition parties – especially the Pakistan People’s Party (PPP). Latest News: Unisons International has taken another step towards the modernization of Pakistan's Steel Industry, by conducting a 5 day training session at People's Steel Mills for Modern and Automatic Rebar Rolling Plant. Learn More Apply Now. Tuesday Apr 27, 2021. Read more: The Number Of Certified Corona Patients Across The Country Has Exceeded 800,000 Addressing a news conference in Islamabad yesterday, he said fifteen parties have shown their interest in Pakistan Steel Mills. Khan Road, Karachi, Pakistan. June 5, 2020: Minister for Industries and Production Hamad Azhar has said the government has decided to privatize Pakistan Steel Mills in order to revive and steer it out of losses. The number of vacant positions is not mentioned in the advertisement. November 11, 2020; September Steel Shipments Down 14.2% from September 2020 November 9, 2020; Wall Street Journal: Steel Tariffs Helped the U.S. Steel Industry November 5, 2020; Automotive Steel Industry Experts Honored by Auto/Steel Partnership October 27, 2020; Steel Imports Down 21.9% Year-to-Date Through September October 26, 2020 Latest News, Breaking News, Pakistan News, News Headlines Latest Business news Pakistan, Pakistan's #1 News Channel, BOL News along with exclusive news reports and videos from BOL News Channel. Popular Posts. ... Latest News. Another summary about Pakistan Steel Mills was brought to the ECC in which the forum was informed that the Supreme Court has directed that … The Supreme Court (SC) on Friday rejected the appeal filed by Pakistan Steel Mills’ (PSM) employees against the Sindh High Court’s (SHC) decision which had rejected their petition for promotions, reported 24NewsHD TV channel.. Justice Ijazul Ahsan remarked that when the Steel Mills had been lying closed since 2015, how the question of promotions could arise. However, Federal Minister for Industries and Production Hammad Azhar has defended the Government’s decision saying that the “Governments have paid Rs. June 13, 2020. Government does away with lifeline of country’s industrial growth, 9,350 employees fired. ... the Pakistan Steel Mills was facing a loss of Rs176 billion and its interest was also increasing with each passing day. KARACHI: As the financial health of Pakistan Steel Mills (PSM) continues to deteriorate, the grievances of its serving and retired employees have increased manifold — with no respite in sight any time soon. Over the years, we have consistently embraced management best practices and adopted policies that ensure a fair and competitive workplace, free from discrimination and biases of any nature. Pakistan: Govt appoints new CEO of Pakistan Steel Mills 9 August 2020: Pakistan: Govt to hold discussions on tariff rationalization for industries including steel 28 July 2020: Pakistan: Steel industrialist raises question on appointment of advisers for PSM privatisation 27 July 2020: Pakistan: Scrap imports drop 6 pct in H1 2020 YoY 22 July 2020 Published: June 04, 2020 … The ECC meeting chaired by Finance Advisor Abdul Hafeez Sheikh ended on Wednesday. July 27, 2020. Islamabad-The Board of Directors of PSM has recommended the government names of three shortlisted candidates for the post of Chief Executive Officer (CEO) of Pakistan Steel Mills with priority No.1 candidate having degrees in warfare and strategic studies. In 2015, the mill shut down its furnaces and it consumed PKR200 billion ($1.25 billion) of state funds since 2008. Pakistan Steel Mills Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Pakistan has decided it will not evacuate its citizens from China to counter the threat of the fast-spreading corona virus. The government is planning to lay off 8,000 employees of Pakistan Steel Mills (PSM), through a Rs 19 billion compensation package. In 1956, the Krupp industries of West Germany offered to set up a steel mill based on Kalabagh iron ore, coal and most other minerals available within about 11 miles (18 km). latest news, breaking news, Urdu news, current news, current news in Urdu from Pakistan, top headlines in Urdu from Pakistan, World, Sports, Business, Politics. Follow Us on Social Media. ... PM orders to speed up process for revival of Pakistan Steel Mills. The privatization phases were estimated to cost $800 million. Pakistan Steel Mills financial woes continue. 281. ... Latest News… A view of Pakistan Steel Mills (PSM). The committee was informed that in 1973, 19,013 acres of land were purchased for PSM. Company Registration number: 00000011037/20050507 Incorporation number (CUIN): 0050559 NTN: 2486644-0 News Desk.

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