Slumbering Pakistani Steel Giant Shows Why State Sell-Offs are Stalled

By Mehreen Zahra-Malik and Tommy Wilkes KARACHI, Feb 17  – Once the producer of almost half the country’s steel needs, state-owned Pakistan Steel Mills’ (PSM) cavernous factory buildings on the outskirts of Karachi stand eerily still. A 4.5 km-long conveyor belt that once carried coal from the nearby port is idle and blast furnaces rest

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