Minister for Information and Broadcasting Qamar Zaman Kaira categorically stated that Pakistan Steel Mills will not be privatized.

Addressing the Peoples Workers Union of Pakistan Steel Mills in Karachi on Wednesday‚ he said all out efforts will be made to again transform Pakistan Steels into a profitable entity and help it stand on its own feet. He said we have already announced bailout package for Pakistan Steels and all the resources will be provided to revive it.

Qamar Zaman Kaira said we have a special affection for Pakistan Steel Mills as the foundation of this important institution was laid by Shaheed Zulfikar Ali Bhutto. He said employees of this institution will be given shares under Benazir Stock Option scheme after the revival of Pakistan Steels.

He said Shaheed Zulfikar Ali Bhutto gave the voice to the laborers and we will continue to pursue his philosophy for the empowerment of workers.