Federal cabinet has no power to privatize PSM: Rabbani

Pakistan Peoples Party (PPP) senior leader Mian Raza Rabbani on Saturday said that the federal cabinet has no power to privatize Pakistan Steel Mills (PSM).
Talking to journalists, Raza Rabbani said that the federal cabinet exceeded its constitutional power by including PSM in the privatization list.
He maintained that the incumbent government has no clear policy about the steel mills, adding that Prime Minister Imran Khan had also opposed privatization of the mills. The former Senate chairman said that Imran Khan had promised to restore PSM during his election campaign.
Raza Rabbani said that the Supreme Court had restrained the government from privatization of PSM in Musharraf's tenure.