Islamabad, April 11, 2013 (PPI-OT): Federal Minister for Industries and Production Shahzada Ahsan Ashraf Shiekh has issued instructions to concerned quarters to stop all types of appointments/ recruitment in Pakistan Steel Mills until the new Board of Directors is constituted. The Board comprising Eight Members along with the Secretary Ministry of Production and Chairman PSMs, will be constituted soon.
He said that recruitments/appointments will only be made with the prior approval of the board. He termed these measures inevitable for the survival of Pakistan Steel Mills. Earlier, chairman Pakistan Steel, during his briefing told the Minister that Pakistan Steel Mills was already working below its optimal capacity level and running into loses due to overstaffing.
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