Chinese, Russian, Korean companies keen to invest in PSM.

ISLAMABAD -- International investment companies from China, Russia and Korea have shown keen interest in investing in Pakistan Steel Mills due to its sheer potential and importance in the economy of the country.

Roadshow for Pakistan Steel Mills (PSM) with international investors continued for the third consecutive day on Wednesday. The renowned national and international investors have shown interest in the revival of Pakistan's mega industrial corporation. Ministry of Privatisation started conducting roadshows from September 13 with international investment companies, which are from China, Russia and Korea etc. These investment companies showed keen interest in investing in Pakistan Steel Mills.

On the third consecutive day, Wednesday, of the roadshow; a leading Chinese consortium was briefed about the future prospect of this venture and other relevant details regarding the sale of shares in the newly formed subsidiary of PSM through Scheme of Arrangement (SoA). Federal Minister and Secretary for Privatisation responded to their queries along with the financial advisors, senior legal consultants and senior officers of the Ministry. Federal minister told the investors that the response...