The demise of Pakistan Steel Mill

[H!TchHiker]

http://herald.dawn.com/news/1153574/the-demise-of-pakistan-steel-mills

On the far-east side of Karachi’s coast, the wind is always strong. Except that on a recent day in August, not a leaf is stirring. The ride on a road that branches off Karachi Thatta National Highway and leads to Pakistan Steel Mills is as suffocating as it is bumpy.

Right where the road enters the vast premises of Pakistan Steel Mills, a verse from the Quran is displayed on a billboard: “And we have sent down iron, wherein is great military might and benefits for the people.” A few feet away, close to 25 men can be seen sitting under a shamiana — they have been staging a sit-in here since August 3, 2016.

 

[Cookie Monster]

Such an important industry. To see it neglected like that due to incompetence and corruption of our leadership makes me sad/angry/disappointed

 

[H!TchHiker]

Such an important industry. To see it neglected like that due to incompetence and corruption of our leadership makes me sad/angry/disappointed

Yes indeed, once the backbone and major supplier of steel now rusting as a scrap.This is the governance PPP and PML(N) has produced and no body is talking about this.

 

[Sheikh Rauf]

jisay steel chahiyay Itifaq foundry say rabta karay.. akhir qoam ko mill ki zaroorat kia hai jab badshah salamat ki apni mills hain. Property in ki poultry in ki sugar in ki dairy in ki qoami or subai hakumat in ki aab raaj karay ki aulad inki.
vo 25 loog bhookay bhi marain to jangay ko koi farq nahi paray ga.

 

[Cookie Monster]

Yes indeed, once the backbone and major supplier of steel now rusting as a scrap.This is the governance PPP and PML(N) has produced and no body is talking about this.

This problem has plagued this nation for most of its history. Some ppl are hardcore fans of one party some are hardcore fans of another. They fail to realize that collectively speaking none of these filthy politicians are looking out for the nation.

A common man is satisfied and will vote for some politician who got a road fixed in front of his house(mostly when elections are near) or some other pathetic gesture to kiss ***. The ppl fail to see the bigger picture and will ignore that goon's overall pathetic performance and elect him again.

...and so the cycle continues

 

[H!TchHiker]

This problem has plagued this nation for most of its history. Some ppl are hardcore fans of one party some are hardcore fans of another. They fail to realize that collectively speaking none of these filthy politicians are looking out for the nation.

A common man is satisfied and will vote for some politician who got a road fixed in front of his house(mostly when elections are near) or some other pathetic gesture to kiss ***. The ppl fail to see the bigger picture and will ignore that goon's overall pathetic performance and elect him again.

...and so the cycle continues

Yes Exactly these pied pipers will lead us to nowhere ...

jisay steel chahiyay Itifar foundry say rabta karay.. akhir qoam ki mill ki zaroorat kia hai jab badshah salamat ki apni mill hain. Property in ki poultry in ki sugar in ki dairy in ki qoami or subai hakumat in ki aab raaj karay ki aulad inki.
vo 25 loog bhookay bhi marain to jangay ko koi farq nahi paray ga.

Pre-Nawaz and during Nawaz "PSM continue to suffer a loss of 20 bn annually from last 6 years"as reported in 2015.(PPP +PML N).

 

[Sheikh Rauf]

Yes Exactly these pied pipers will lead us to nowhere ...



Pre-Nawaz and during Nawaz "PSM continue to suffer a loss of 20 bn annually from last 6 years"as reported in 2015.(PPP +PML N).

it was making profits in Mushraf's gov lets forget about zardari but they are mill owner they have successfuly buit their empire from steel mills as they says.. why cant they do it to Pakistani steel mill.
simply they dont see profit init. they are business men not Politicians.

 

[Cookie Monster]

it was making profits in Mushraf's gov lets forget about zardari but they are mill owner they have successfuly buit their empire from steel mills as they says.. why cant they do it to Pakistani steel mill.
simply they dont see profit init. they are business men not Politicians.

This is exactly why ppl like that shouldn't be elected. They put their self interest before the good of the country and yet we keep on trying the same ppl over and over again. Generations have come and gone and yet nothing has changed.
Even if it's impossible for them to do the right thing, what baffles me even more is the short sightedness. These goons want to cut open the chicken that lays the golden egg to try to take as much as they can in one go. In light of their uncontrollable greed if they were smart then it is in their interest that the country makes progress and does well. Not only will it ensure that they keep getting elected but it will also mean more money in the treasury for them to try to siphon off.

Alas besides being thieves and scumbags they are also short sighted.

Barbad-e-gulistan kerne ko toh ek hi ullu kafi tha
Yahan her shakh pe ullu baitha hai anjam-e-gulistan kya ho ga

 

[H!TchHiker]

it was making profits in Mushraf's gov lets forget about zardari but they are mill owner they have successfuly buit their empire from steel mills as they says.. why cant they do it to Pakistani steel mill.
simply they dont see profit init. they are business men not Politicians.

Self interest (political or economical) is important to politicians like this rather than national interests.

 

[[Bregs]]

If its govt owned and in losses then why not sell it to some private business house

 

[Cookie Monster]

If its govt owned and in losses then why not sell it to some private business house

While that is one possible solution to the problem but what bothers most ppl is that there shouldn't have been this problem to begin with. It's not just this either it's a pattern. Pakistan Railway and PIA just to name a few. If that's what's going to happen with all the state owned enterprises then what's the point of electing these goons to do anything...why not just privatize the entire country and call it a day.

 

[[Bregs]]

While that is one possible solution to the problem but what bothers most ppl is that there shouldn't have been this problem to begin with. It's not just this either it's a pattern. Pakistan Railway and PIA just to name a few. If that's what's going to happen with all the state owned enterprises then what's the point of electing these goons to do anything...why not just privatize the entire country and call it a day.

Its better to go for privatization then to wait haplessly for the incompetent and corrupt leaders to deliver. The idle workers can be given golden hand shake and rest employed by new owner. The steel co in country like Pakistan can never be in loss if run efficiently when so many development projects are being launched or expected to be launched in near future

 

[H!TchHiker]

If its govt owned and in losses then why not sell it to some private business house

They did try to do it but then again somebody went to the Supreme court and all the process went fruitless. There are more than 10 other private steel manufacturers and all are making profit. This PSM can achieve break even with only 60 percent capacity utilization.Only solution is to privatize it and provide employees with Golden Hand shack scheme.

 

[Green Ranger]

Steel Mill Downfall started in Mush era when golden shake hands were given to employees and only those with political backing remained back while rest of the people who were on merit had to leave

 

[Anmol]

Under make in India campaign we can always help you with expertise on Steel, stainless steel production as our Ind has now started picking up and soon be zooming and booming.