Pakistan Steel Mills as free giveaway to buyer of Pakistan International Airlines: Miftah Ismail
Islamabad (Web Desk) : Adviser to Prime Minister on Financial Affairs Miftah Ismail has offered to give the Pakistan Steel Mills (PSM) as free giveaway to the investor who agrees to buy the loss-making Pakistan International Airlines (PIA).
“I don’t know if there will be a buyer after the next elections but I hope there is one and we should try and sell this PIA,” he said while speaking at a seminar in Islamabad on Thursday.
He added, “I would do an offer whoever buys the PIA, I will give them Pakistan Steel for free. Seriously I will take all the liabilities and I will give Pakistan Steel for free. Why should we own Pakistan Steel? They make only one million tons of steel and I think in Pakistan we import 20 to 30 million tons of steel. Why should we own Pakistan Steel Mills?. Every month you guy pay Rs400 million for salary to workers who don’t come to work.”
In a seminar in Islamabad, he said, “I don’t know if there will be a buyer after the next elections but I hope there is one and we should try and sell this PIA.”=
“We cannot restructure the PIA. If we had the ability to do it, we would not have come to this point,” Ismail said.