KARACHI (PR): Chief Execute Officer of Pakistan Steel Mills (PSM) Major General ® Muhammad Javed said despite crisis the PSM still has great potential and is in a position to become a profitable entity. “The government should follow China, where large industrial units are functioning on public private partnership to make them profitable,” he added. The recent audit shows that Pakistan Steel has assets worth Rs 80 billion: Rs 62 billion of land and Rs 17 billion of plant. Although, presently the workforce is more than enough, however, in spite of downsizing, the expansion is the better option to adjust this labor. “We earned remarkable profit with the same workforce in the past and paid Rs 1 billion to the federal government as dividend,” he added.