Minister seeks to remove CEO PSM

May 07, 2013


Pakistan Steel Mills (PSM)
Pakistan Steel Mills (PSM)

Caretaker Minister for Industries and Production Shahzada Ehsan Ashraf Sheikh has said that he has written to the Prime Minister that CEO Pakistan Steel Mills (PSM) “should be removed and services of an experienced person should be hired on merit to steer the national asset out of crisis.”

The Military Secretary to the Prime Minister is allegedly creating hurdles in approval and implementation of his summaries being sent on different issues pertaining to the Ministries. The Minister has removed Chairman National Fertiliser Corporation (NFC) Rizwan Mumtaz Ali and Managing Director National Fertiliser Marketing Limited (NFML), Tariq Shafiq Khan besides Managing Director, Utility Stores Corporation (USC), Major General Malik Muhammad Farooq (retired) and senior officials of PIDC and NIPs.

PSM Board of Directors also met on Monday in Islamabad to discuss different issues of the entity including the expected bailout package. The Minister told Business Recorder in an interview that he is helpless as transfers and posting in his Ministries are being done without consulting him.

A source close to another Minister told this scribe that a couple of caretaker Federal Ministers were outspoken in the Cabinet meeting on May 4, 2013 presided over by the caretaker Prime Minister against the hidden hands running the affairs of the government without consulting them. When contacted official spokesman to the Prime Minister, Shafqat Jalil said that he is not aware of any such issue. He added that it is the Military Secretary’s responsibility to remind the Prime Minister about time constraints. Asked if any Minister raised his voice in the cabinet meeting with regard to interference of hidden hands, the spokesman said that he did not hear any such comment in the Cabinet meeting, adding that Ministers also speak about issues of their respective Ministries.

Meanwhile, PSM management is making all-out efforts to get another bailout package of Rs 11 billion from the caretaker government which, according to sources, is uncertain despite the fact that Prime Minister’s Military Secretary, Brigadier Tahir Malik is pushing Finance Ministry to release the amount.

CEO PSM, Major General Muhammad Javed (retired) is present in the federal capital and making all out efforts to get bailout package of Rs 11 billion. He attended a number of meetings in the Prime Minister House, Ministry of Finance and Ministry of Production to discuss and finalise the package.  Source Business Recorder

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More