Aamir Mumtaz, an American Pakistani has been appointed as Chairman Pakistan Steel Mills (PSM) Board of Directors (BoD) by the Ministry of Industries and Production. The post had been vacant since the removal of of Engineer Memon Jabbar.
Aamir Mumtaz who is an operating executive and an entrepreneur, specializes in driving enterprise performance and value by delivering transformational initiatives. He is the CEO of a cleantech company, oil purification systems, Inc. (a portfolio company of Connecticut Innovations Investment Fund).
The government recently appointed Engineer Ashiq Ali Chief Executive Officer (CEO) PSM. PSM has been closed for the last three years and according to Secretary Ministry of Industries and Production, Aamir Ashraf Khawja, Rs 1.5 billion per month is being spent on employees’ salaries and other heads.
The Minister and Advisor have already shared their views with the future Chairman of Pakistan Steel Mills in light of discussions with three or four international companies that have shown an interest in rehabilitation of PSM.
Minister for Privatisation, Muhamamd Mian Somroo also met with the Advisor on Commerce, Textile, Industries and Production and Investment on September 11, 2019 and discussed different issues relating to entities falling under the administrative control of Commerce Division and Ministry of Industries and Production.
