Pakistani media have reported that, due to the increasing incidents of theft, the assets of the country’s state-owned steel mill are being auctioned.
The issue was raised during a meeting of Pakistan’s National Assembly Standing Committee on Industries and Production, where it was stated that thieves had even stolen the high-voltage electricity cables of the factory.
Officials informed the committee that, despite the factory being shut down, it still owes 27.5 billion rupees in electricity dues.
Pakistan, whose economy has been severely weakened by financial corruption and large-scale theft at the state level, has recently accelerated the sale of public assets.
Some time ago, the country’s ruling military regime also sold 75 percent of the shares of Pakistan International Airlines (PIA).