THE decision by the government to revive Pakistan Steel Mills instead of proceeding with liquidation is encouraging. Pakistan needs a strong industrial base and a functioning steel complex can support manufacturing, infrastructure, employment and import substitution. But before another revival plan is welcomed, an important question must be asked. Who is accountable for the years lost in indecision?

Pakistan Steel Mills remained closed for years while successive governments debated whether it should be revived, privatized, liquidated or whether its vast land should be used for other economic purposes, including a special economic zone. During this period, the country continued to bear salaries, administrative expenses, security costs and other liabilities while the mill produced nothing.

This is not simply a financial issue. It is the cost of delayed........

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