ISLAMABAD: Huge investments are required to improve and increase the capacity of production of Pakistan Steel Mills (PSM).
This was stated by renowned economist and ex-federal finance minister Dr Salman Shah while talking to Radio Pakistan. He said that the International Monetary Fund may raise the issue of investing money in the PSM in upcoming days, adding that now it must be privatised as a large number of people were working in it.
Another economist, Mirza Ikhtiar Baig, said that PSM was not competing with the steel mills of other countries as its production volume was very low, which had also increased the cost of manufacturing. He said that employees’ working efficiency should also be enhanced to get desired results
