In this Feb 8, 2016 picture, a man walks past machines at the hot strip mill department of the Pakistan Steel Mills. Reuters/File
ISLAMABAD: The current status and progress as well as probable timeline for the completion of the transaction of Pakistan Steel Mills were discussed at a high-level meeting chaired jointly by the ministers for privatisation and industries and production on Tuesday.
The valuation of core assets to be transferred to a new subsidiary is under way and will likely be completed by Jan 31, 2021. Moreover, other matters relating to the use of a jetty, registration of a new subsidiary and others were deliberated upon in detail.