This is disturbing news from Pakistan Steel Mills (PSM), as copper cable from the mills and other assets worth PKR 10 billion that belonging to PSM have been stolen. This is not the first time this has happened, but it is undoubtedly the first time that large quantities of assets have been taken.
The night of July 26–27, some 50 people stormed into PSM’s offices and stole copper cable. The union said that no one from the mill’s security staff intervened to stop the men.
Police also seized a security vehicle that was engaged in the incident. The person who was detained is accused of robbing a steel company of copper and other materials and selling them.