Karachi, A pre-qualified bidder delegation recently visited the Privatisation Commission to discuss the revival of the Pakistan Steel Mills Corporation (PSMC). This visit is a significant step towards the potential privatization and rejuvenation of one of Pakistan’s key industrial assets.

According to Privatisation Commission, the delegation was assisted by the Ministry of Privatisation and the Financial Advisor for the Transaction during their visit. The delegation’s itinerary included meetings with officials from various government departments integral to the revival process. These departments included the Ministry of Industries and Production, Ministry of Maritime Affairs, Ministry of Finance, Ministry of Commerce, National Tariff Commission, Board of Investment, State Bank of Pakistan, Federal Board of Revenue, Sindh Revenue Board, and the Industries and Commerce Department of Sindh.

A key aspect of the visit was the delegation’s tour of the PSMC site and the Iron Ore and Coal Berth. This site visit allowed the delegation to directly assess the current condition of the plant, which is crucial for understanding the scope of investment and effort required for its revival.

This visit marks an important development in the ongoing efforts to privatize and rehabilitate the Pakistan Steel Mills Corporation, indicating a proactive approach by the government and potential investors towards revitalizing a significant segment of Pakistan’s industrial sector.