KARACHI: Pakistan Steel Mills (PSM) has already achieved 22% of capacity utilization (CAPU) till Sept 20 and is expected to touch 45-50% mark by next month, said its Chief Executive Officer, Major General (Retd) Zaheer Ahmed Khan.
Talking to a delegation of the clients of PSM at Operations Building, Bin Qasim, he said a financial re-structuring package worth Rs 18.5 billion have been recently given to PSM by the federal government, for the revival of national asset.
PSM sources sharing details of the meeting between PSM’s CEO and the delegation on Tuesday said the latter was also informed that all necessary measures have been adopted for up-gradation, automation, capital repair and maintenance works on priority basis.
CEO informed the PSM clients that efforts were being made to ensure continuous delivery of the best quality products to the consumers.
On the occasion, members of the delegation suggested provision for such meeting between them and the PSM’s chief executive on regular basis.
The members during meeting expressed their confidence in the CEO and assured their full support for stable revival of PSM.