Why A ‘Stronger Than Steel Friendship’ Can’t Save Pakistan Steel Mills? – OpEd

Islamabad’s decision to lay-off 4,544 employees of the debt-ridden Karachi based Pakistan Steel Mills [PSM] employees has ignited a political war between the government and Pakistan Peoples’ Party [PPP]. From a purely economic point of view, retrenchment on such a massive scale was inevitable since PSM has proved to be a...