Pakistan : Terrorist Wahabi Islamic Rep Pakistan 7

[Naresh]

.





[url="http://www.geo.tv/9-21-2011/86527.htm"]PSM furnaces feared to grow cold[/url]





[center][/center]





KARACHI : Wasif Mehmood, the acting chief executive of Pakistan Steel Mills (PSM) has said that the steelmaker is suffering a loss of Rs100 billion every month making it hard to keep its furnaces hot for long, Geo News reported.



Talking to Geo News he said PSM has given three options to government including a demand for a loan worth Rs14 billion.



On the other hand PSM workers and officers also raised the issue of lowering production, salaries, and other benifits.



[color="#FF0000"]Mehmood warned that the way raw material supplies are reducing, PSM’s furnaces will grow cold before long.[/color]



He said we have proposed to the government that either allow us have Rs14 billion soft or invite foreign investment or sell chunks of PSM land worth Rs85 billion.



He said we have been making rounds of the government corridors with the abovementioned proposals but to no avail.



Cheers