Pakistan Steel Mills (PSM) assets worth Rs. 10 billion were taken, including the mills’ copper cable.
The Pakistan Steel Mills (PSM) Insaf Labour Union reported this in a letter to the Federal Minister of Industries and Production.
The union asked that the PSM Board of Directors be removed. They argue that PSM’s administration has become a conduit for robbers. According to the letter, during the night of July 26-27, around 50 persons broke into PSM’s facilities and stole copper cable.
According to the union, the guys were not stopped by the mill’s security employees. It is important to note that PSM is on the Privatization Commission’s priority list of companies to be privatized.
