The Econ-omic Coordination Committee (ECC) is likely to again place Pakistan Steel Mills (PSM) on the active list of privatisation Thursday (today), official sources told Business Recorder.
The committee is also expected to approve the appointment of transaction Advisory Consortium on the basis of international competitive bidding. According to sources, the five or six international companies have already approached the federal government to revive PSM. The ECC last month had directed the Ministry of Industries and Production to submit a formal summary for revival of PSM after considering a study of experts group headed by Hubco CEO Khalid Mansoor.
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