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Pakistan Steel Mills

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2008

    Allegations of corruption and political interference

    Reference material attributes the company's later decline to alleged corruption, political recruitment and favoritism in promotions and senior appointments involving management and collective-bargaining representatives.

  2. 2006

    Contested privatization process

    The proposed sale of a 75 percent stake was challenged in Pakistan's Supreme Court. The court found that the process showed haste and procedural irregularities and had not adequately considered the mills' profitability and asset value.