Steel Mills employees will get arrears under Supreme Court decision, Ministry of Industry – Express Urdu

Pakistan Steel Mills Closes Commercial Operation In June 2015, Photo: File

Islamabad: The Federal Ministry of Industries and Production has mentioned that the salaries and arrears of the staff of Pakistan Steel Mills will likely be paid within the gentle of the choice of the Supreme Court.

The Ministry of Industries and Production has submitted its written reply within the Pakistan Steel Mills case to the Supreme Court. The reply mentioned that 5 bailout packages have been given thus far to run Pakistan Steel Mills. In this regard, Rs. 58 billion has been given since 2008. The authorities pays Rs. 335 million in month-to-month salaries to the staff of the mills and the federal government of Pakistan has thus far launched Rs. 34 billion in salaries. More than Rs. 1.26 billion has been given to the households of the deceased workers. Are gone.

The written reply states that Pakistan Steel Mills has to pay Rs. 22 billion in Sui gasoline invoice and the mortgage to National Bank of Pakistan has not been repaid but.

The Ministry of Industry and Production has acknowledged that Pakistan Steel Mills closed its industrial operation in June 2015, whereas doing so, no plan was made for 14,753 workers, the variety of workers within the mills will likely be diminished in 2019. Has been diminished to eight,884. In 2018, a committee of consultants really useful that the mills be run below a public-private partnership, a monetary advisor has been appointed for privatization, and salaries and arrears to workers will likely be paid within the gentle of the Supreme Court resolution. The fee plan from the administration will likely be ultimate.

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