ISLAMABAD: The federal government has appointed Ayesha Steel of Arif Habib Group as the steel expert for the privatization of steel mills while Arif Habib Group itself is the candidate for the purchase of steel mills. According to sources, the federal government has decided to lay off more than 9,000 employees of Pakistan Steel Mills on the basis of the March 12 decision of the Supreme Court.
Which has been approved by the Chairman of the Board of Directors Amir Mumtaz. Amir Mumtaz has been appointed as the Chairman of the Board of Directors of Steel Mills
Dawood had appointed and he is more interested in privatizing the company than rehabilitating it, while Pakistan Steel Mills Stakeholders Group wrote several letters to Prime Minister Imran Khan and Federal Minister for Industries and Production Hamad Azhar in which Stakeholders Convenors Mamriz Khan had made suggestions and offered that if the government negotiated with them they could revive this national institution but instead of listening to them, the government appointed a consultant for privatization and with that surprisingly.
Ayesha Steel has been appointed as a steel expert. Ayesha Steel is a subsidiary of Arif Habib Group and Arif Habib Group has been trying since 2006 to buy steel mills and hence Arif is the biggest opponent of the revival of this national enterprise. Sources say that the appointment of Arif Habib Group’s Ayesha Steel as an expert is a conflict of interest while the opposition has now taken up the issue in both the Houses of Parliament.
The decision has been taken because the steel mills have so far cost more than ارب 12 billion The memory has been damaged and the government wants to privatize this national institution instead of reviving it or running it as a public-private partnership and the private steel mafia is using its influence in this regard through its own people in the government.