Pakistan iron and steel plant or part of the land allocated for the construction of CPEC Special Economic Zone

         According to Pakistan,"dawn" should be reported on March 7th, Pakistani Prime MinisterSheriff's command, the federal government will shut down for a long time therestructuring has been the Pakistan Steel Corp (PSM) board of directors, andwill be held next week to discuss the allocation of emergency board, 1500 acresof land for the construction of Pakistan Economic Corridor (CPEC) issues.

        According to a federal officialsaid, PSM board of directors on the official agenda of the first project is toestablish a special economic zone near PSM CPEC. However, the Sindh governmenthave objections, called PSM (estimated at more than 17000 acres) of landoriginally belonged to the province of Sindh, by delivery of PSM as a businesspurpose, if the land is used for any other purpose or to third parties, theland ownership will return to Sindh province.

        In addition to Premier Sheriffexpected for CPEC 1500 acres of land allocation, the board will also consideranother 930 acres of land price, the land has been transferred to the nationalindustrial park for the development of Bin Qasim industrial park.

        PSM is a large state-ownedenterprise, owned by the federal government. It is located near the port ofGasim, Karachi. But because of the aging equipment, poor management of Pakistanis on the verge of bankruptcy, the federal government has been hoping toprivatization, but could not find interested buyers.