Pakistan is waiting for Russian thicknesses

The authorities of Pakistan have announced plans to privatize the largest state steel plant of the country of Pakistan Steel Mills. This was announced today by the chairman of the Council of Investments in Pakistan Muhammad Zuber.

The Pakistani Government intends to achieve a number of requirements of the International Monetary Fund (IMF) that promised it to allocate $ 300 million dollars.

One of the requirements of the IMF was the privatization of as many largest state enterprises of the country. In the near future, the government will finally determine the list of state -owned enterprises of the subject to privatization, said Muhammad Zuber.

According to the Pakistani official, the first in the list of candidates for sale in private hands are the oil company Pakistan State Oil (PSO) and the Pakistan Steel Mills (PSM) metallurgical plant.

PSO is a metallurgical enterprise with a full production cycle, a total capacity of 5 million tons of steel and cast iron per year. The plant was built by the Soviet Union in the 1970s.

The largest metallurgical enterprise of the country has already been in private hands once. Then, for several weeks, the plant was practically stopped, and the newly made oligarch was almost planted. Only a second nationalization saved PSO from a complete stop and plunder.