KARACHI (APP) - Syed Naveed Qamar, Federal Minister for Industries, Production, Privatisation, Ports and Shipping on Saturday said ten percent shares of Pakistan Steel Mills will soon be off-loaded in stock market to finance PSM modernization and expansion plan. The Minister, in his comments after visiting various plants of Pakistan Steel, said the process of modernisation and expansion of this mega steel mills project would be initiated soon. Its' production capacity would be enhanced from the existing 1.1 million metric tons per year co that the PSM could meet the maximum steel demand of the country. "Pakistan Steel is a big gift of Shaheed Z.A. Bhutto to the nation. We want to see this as a modern and progressive Facility," he asserted Adding that PSM had been neglected over the years. He said PPPP led coalition government 'as planned to promote corporate culture in the state owned organisations mainly in the mega projects like Pakistan Steel. He said the government was working on the policy of self-reliance. It has taken initiative to exploit the domestic minerals deposits to meet the raw materials requirement of PSM to possible extent. This also would help save national exchequer for other development purpose. He said PSM employees /workers would be provided maximum relief. Their salaries/wages would be improved along with other facilities/initiatives. Pakistan Steel Workers' unions would also be soon restored, he said. The Federal Minister expressed satisfaction over the performance of Pakistan Steel. He, however Asked the management to Enhance the Mills performance further by pursuing the positive economic (industrial, investment and trade policies of the present Government. He appreciated that the capital repair and maintenance work of the Coke Oven batteries would be completed on the schedule and as a result there would be significant increase in the production of Pakistan Steel. He assured all support to PSM management in executing the modernisation and expansion plan at the earliest.