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PM Imran to offer Pakistan Steel Mills to China

Prime Minister Imran Khan and his team decided to handover Pakistan Steel Mills to China to revive the Structure of Pakistan Steel Mills again through government to government deal .Pakistan Prime Minister and other higher authorities are there to give assurances to the Chinese side that China Pakistan Economic Corridor (CPEC) would not slow down, but its next phase would be pursued with zeal and vigour despite passing through under the IMF program.

According to his upcoming scheduled visit of China on October 7,PM Khan and authorities decided to offer China to get Pakistan Steel Mills, finalize deal on modernization of ML-1, financing of Bunji hydro power project, agriculture and social sectors-related projects in and outside the ambit of CPEC.

The Chinese side wants to see progress for establishment of CPEC  which the government intends to go ahead with promulgation of presidential ordinance anytime around PM Imran’s upcoming visit to China.The loss on Pakistan Steel Mill reaches upto 220 billion rupees. Theses circumstances led government to seek for Privatization as a best option for its revival.

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