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Chinese Firms’ Withdrawal Dents Pakistan Steel Mills Privatization

October 30, 2023October 30, 2023 Sohail Ahmad1Tagged #ChinaBRI, #Chineseinvestment, #CPEC#Nixonadministeration, #Pakistansteelmills, #Russianandchina, #Sovieterasteelmill, #steelindustry, #UkrainianNationalForeignEconomicCorporation, #USandGwadar

Amid a substantial downturn in Chinese investment in the China-Pakistan Economic Corridor (CPEC), several major Chinese companies have withdrawn from the proposed acquisition and investment in state-run Pakistan Steel Mills. The decision marks a setback for the privatization of this largest non-functional 19,000-acre industrial facility. Before ceasing its operations in June 2015, the facility was […]