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PM appoints President Abacus as Board Member for Pakistan Steel Mills

PM appoints President Abacus as Board Member for Pakistan Steel MillsIn an effort to financially turn around the loss-making operations of Pakistan Steel Mills (PSM), Prime Minister Muhammad Nawaz Sharif has approved the induction of renowned private sector professionals and businessmen, including President AbacusConsulting Mr. Asad Ali Khan, in PSM’s Board.

According to a release from the PM Secretariat, prominent and nationally recognized individuals from diversified backgrounds have been selected as part of PSM’s BoD to ensure good corporate governance and technical decision making so that the state-owned entity can effectively be reformed and streamlined.

Mr. Asad Ali Khan said on the occasion that he considered it an honour to serve his country which he would do wholeheartedly and to the best of his abilities. He was convinced that PSM could be transformed into a feasible corporate entity provided there was the necessary will and proper corporate governance.