Karachi:Former Pakistan Steel mills chairman Major General (R) Muhammad Javed likely to become Chief Executive Officer (CEO). Muhammad Javed from the period of September 2006 to May 2008 served as the chairman.
Where as the CEO designation in the steel mills is vacant from June 2010 and Wasif Mahmood is serving as the acting CEO of Pakistan Steel mills. Pakistan Steel mills is going in heavy loss and the institution is been blamed for the corruption scandals of about more then 12 Billion.
Previously Russian authorities has also announced the special grants for the up gradation of the steel mills after the Government of Pakistan request.