The
financial year ended June 30, 2001 was the period of many firsts for
the long financially Pakistan Steel Mill, the largest industrial
complex of the country. It was the year of a financial turn around,
financial restructuring, heavy layoffs, record sales, unprecedented
capacity utilization, firstever payment of long standing loan, and of
course showing a profit. PAGE is publishing an exclusive
interview of Chairman Pakistan Steel, Lt. Col. (Retd) Muhammad Afzal
Khan.
PRIVATIZATION
The
governments in the past and the present team have been trying to dis-invest
or privatize the major public sector corporations and institutions,
which are causing huge losses to the exchequer. The estimate of the
losses is around Rs90 billion a year. It is said that some hidden
opponents are the factor behind the delay in the privatization process
in Pakistan. The privatization means losing absolute powers some
bureaucrats or government functionaries are enjoying in these public
sector entities.
HBL
Habib Bank Limited, known
as the largest banking institution in Pakistan and having its
operation in 26 countries abroad is positioning itself heights and
challenges. The International Strategy Conference organized by HBL at
Muscat last year was the part of that efforts to develop and implement
business plans that recognize the ground realities but at the same
time incorporate a stretch component so that the Bank can regain its
pre-eminent position in the emerging market.
