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The Senate Sub-Committee on Industries and Production convened on Thursday, led by Senator Khalida Ateeb, to address the deepening crisis at Pakistan Steel Mills (PSM). The meeting placed a sharp focus on the state-owned giant’s persistent dysfunction and the massive thefts that have plagued its operations for years.
At the discussion were multiple FIRs linked to ongoing theft investigations at the mills. The committee called for a detailed assessment of the total losses, directing officials to determine the value of stolen materials, including high-priced wires and other vital components.
During the session, members expressed alarm over reports that theft worth 10 billion PKR had resulted in only a single suspension so far. Senator Ateeb described the situation as a “well-coordinated chain of corruption,” stressing that accountability must reach every level of those involved.
Responding to the committee, PSM’s Chief Executive Officer revealed that both criminal and departmental proceedings are in progress. He assured that the process would remain transparent and fair for all individuals under investigation.
The CEO also highlighted critical operational challenges, pointing to recurring electricity and water shortages that continue to restrict productivity. Despite these obstacles, the mill has been sustaining employee salaries through its own limited resources, he added.
The committee was further informed that Pakistan Steel Mills holds vast land assets, much of it classified as industrial property. However, officials noted that the FIR on land encroachment did not specify the exact area under dispute, an omission the senators said must be corrected for legal clarity.
Senator Ateeb directed authorities to establish precise Terms of Reference (TORs) to guide an in-depth inquiry into the mill’s operations and governance. She voiced frustration over the frequent reshuffling of secretaries, noting that such transfers repeatedly disrupt reform efforts and undermine accountability.
Senator Syed Masroor Ahsan and Senator Husna Bano were also present during the proceedings. The committee also discussed the broader impact of the State-Owned Enterprises (SOE) Act on PSM’s management structure. To gain a clearer picture of internal challenges, senators decided to summon representatives from labor unions and registered workers’ associations. Officials from the Water and Sewerage Company will also be called to explain the long-standing water supply issues affecting the steel complex.
