Employees of closed Pakistan Steel Mills are being paid Rs 75 crore a month, Hammad Azhar – Express Urdu

Due to previous mismanagement and corruption, robust selections need to be made at present, mentioned Hamad Azhar. Photo: File

Islamabad: Federal Minister for Industry Hamad Azhar says there might be lots of politics on the difficulty of metal mill workers, and the politics are doing what they used to say when shopping for PIA Will give free

Addressing a press convention in Islamabad, Federal Minister for Industry Hamad Azhar mentioned that Pakistan Steel Mill is our nationwide asset which must take robust selections to rectify. Tough selections need to be taken at present on account of previous mismanagement and corruption.

Hammad Azhar mentioned that Pakistan Steel Mill was going into revenue in 2008. After coming below PPP authorities, Steel Mill went into deficit. Steel Mill was closed throughout PML-N period. The metal mill has been closed for 5 years, and Rs. 75 crore is being paid to the closed mill workers by way of salaries.

The Federal Minister mentioned that there’s a debt of Rs. 230 billion on the metal mill, our authorities is paying Rs. 55 billion to the staff of the closed mill, thus far the governments have paid Rs. 92 billion within the title of bailout. Four and a half thousand workers are being laid off. They might be paid Rs. 23.5 billion. According to the service guidelines, every worker might be paid greater than Rs. 2.three million.

Hamad Azhar mentioned that we all know that there might be lots of politics on the difficulty of metal mill workers, and the politicians are doing what they mentioned they’d give metal mills without cost in the event that they purchase PIA, even the losses of presidency businesses from the protection price range. If the staff are usually not fired, a number of hundred billion rupees might be spent on the mill, personal traders might be included within the metal mill, 1300 acres out of 19 thousand acres of land of the mill might be leased, and the land might be leased. Also goals to run a metal mill.

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