1 (47Th Session) NATIONAL ASSEMBLY SECRETARIAT
1 (47th Session) NATIONAL ASSEMBLY SECRETARIAT ————— “QUESTIONS FOR ORAL ANSWERS AND THEIR REPLIES” to be asked at a sitting of the National Assembly to be held on Wednesday, the 14th November, 2012 (Originally Starred Question Nos. 45, 47, 52, 54, 55 and 59 were set down for answer during the 46th Session) 45. *Ms. Khalida Mansoor: Will the Minister for Production be pleased to state whether it is a fact that the government has made a new plan to make Pakistan Steel Mills, Karachi profitable during the year 2012-13; if so, the details thereof? Minister for Production (Mr. Anwar Ali Cheema): The Government is striving hard to pull out Pakistan Steel Mills from losses and to make it profitable. In this regard CCOR in its meeting held on 28th June 2012 under the Chairmanship of Dr. Abdul Hafeez Shaikh resolved to revitalize and develop PSM into profitable entity. In the afore said meeting Pakistan Steel Mills submitted a business plan based on 63% capacity utilization for the year 2012-13. It was agreed to plan/ achieve average capacity utilization of 50% to 55% for the year 2012-13, following a more flatter trajectory for revival. The ECC in its meeting held on 24th July, 2012, while endorsing the above recommendations of CCOR approved funding requirement for the PSM as under: 2 Rupees in Million —————————————————————————————— Month of Term Loan Markup Total Disbursement from NBP free loan from GoP —————————————————————————————— July 2012* 3,800 300 4,100 October 2012 5,050 300 5,350 January 2013 2,600 400 3,000 April 2013 2,150 — 2,150 —————————————————————————————— Total: 13,600 1,000 14,600 —————————————————————————————— *Rs.
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