The Senate sub-committee on Industries and Production has launched an extensive inquiry into the crisis at Pakistan Steel after allegations of material theft worth approximately Rs. 10 billion and long-standing operational failures came to light. The probe will examine FIRs, internal actions and the broader governance issues that have weakened the state-owned complex.
Chaired by Senator Khalida Ateeb in Islamabad, the sub-committee reviewed reports that valuable materials including electrical wires and metal components were removed on a large scale. Members expressed alarm that only one suspension has been recorded so far despite the magnitude of the alleged losses.
Senator Ateeb described the episode as a well-coordinated chain of corruption rather than the act of an individual, and pressed for a comprehensive accountability drive to identify and prosecute every person involved. The committee directed officials to quantify financial losses and prepare a detailed report on all ongoing criminal and departmental proceedings.
The CEO of Pakistan Steel briefed the committee that criminal cases and internal inquiries are underway and assured senators that proceedings are being conducted with procedural fairness. He warned that persistent electricity and water shortages remain core challenges undermining daily operations, while the mill continues to meet payroll obligations without direct financial assistance.
Committee members highlighted a critical gap in the FIR concerning land encroachment, which failed to state the total area involved. To address these shortcomings, the sub-committee instructed the development of precise Terms of Reference to guide a structured, data-driven inquiry and ensure transparency in the review process.
Senator Ateeb also criticized the frequent transfer of secretaries whenever meaningful progress was attempted, saying such moves obstruct consistent reform and effective oversight. Legislators discussed how the State-Owned Enterprises Act should inform changes at Pakistan Steel to align management with modern accountability and efficiency standards.
The committee resolved to summon labor and workers’ union representatives for firsthand accounts of workplace grievances and operational barriers, and to call officials from the Water and Sewerage Company to address chronic supply problems affecting the mill’s locality. Senators Syed Masroor Ahsan and Husna Bano attended the session alongside the convener.
The sub-committee pledged to continue its investigation until full accountability is achieved and sustainable reforms are implemented to revive Pakistan Steel as a key industrial asset for the country.
