The Sui Southern Gas Company (SSGC) disconnected Pakistan Steel Mills (PSM) because they didn’t pay their bills.
According to the SSGC spokesperson, Pakistan Steel Mills sent them a letter informing about the Economic Coordination Committee’s decision to suspend payment of gas bills.
The spokesperson added that SSGC also asked for information about Pakistan Steel Mills’ ability to pay the bills in a letter, but received no response.
A letter was also sent to the Ministry of Power regarding the matter, but no response was received.
The federal government has decided to close Pakistan Steel Mills (PSM), a state-owned company that has been losing money for many years.
According to the Secretary of Industry and Production, the government has offered the Sindh government 700 acres of PSM’s total 19,000 acres of land. The Sindh government can use this land to build its own steel plant.
Last year, the secretary mentioned, they discovered that no one was interested in buying Pakistan Steel Mills. He also stated that aside from the 700 acres, the rest of the land will be used for industrial purposes.
Meanwhile, Chief Financial Officer (CFO) Arif Sheikh stated that the federal government has decided to shut down PSM because it has been performing poorly and facing financial losses.
Sindh Increases Taxes For Marriage Halls, Caterers, And Restaurants
