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PSM employees take to streets against unpaid salaries

KARACHI: The employees of Pakistan Steel Mills (PSM) on Saturday blocked the National Highway for all kinds of vehicular movement for several hours in protest over non-payment of their salaries, ARY News reported. Hundreds of vehicles stranded in the gridlock caused by the protest. However, the highway was later opened for traffic after talks between protesters and police went successful. For months, the workers of the state-owned corporation have been staging demonstrations over non-payment of their salaries and…

Sindh cabinet opposes privatization of PIA, Steel Mills, Lakhra power plant

KARACHI: Sindh cabinet on Monday resolved to strongly oppose the privatization of Pakistan International Airlines, Pakistan Steel Mill and Lakhra coal power plant, and said that the federal government would have to safeguard the interest of workers.   Chief Minister Murad Ali Shah, chairing the cabinet meeting, said the workers of PSM are starving for non-payment of their salaries, while the federal government has deliberately turned the once profit-making steel mill into massive losses, and the same has been done with…

NAB to probe into reasons of Pakistan Steel Mills collapse

ISLAMABAD: National Accountability Bureau (NAB) determined to launch a probe into the reasons which led to the collapse of the Pakistan Steel Mills (PSM), the country’s largest steel manufacturing facility. In a press release issued on Friday, the top anti-graft body said it will recommend the Ministry of Interior to place the names of all former and incumbent officers of the PSM on the Exit Control List (ECL) in a bid no responsible person could flee the country during an investigation. The investigation has been…

Ishaq Dar approves disbursement of one month’s salary for PSM employees

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar as Chairman Economic Coordination Committee (ECC) has given anticipatory approval for immediate disbursement of one month's salary to PSM employee. The salary will be paid before advent of Ramadan, the minister directed. The decision he said has been taken on compassionate grounds and to facilitate the employees of PSM in the holy month of Ramadan. The matter shall be put up at next meeting of ECC, seeking regularization of the approval. Read More: ECC approves 3…

Two commit suicide after PSM fails to provide employees salaries

KARACHI: Two persons have committed suicide within two days after Pakistan Steel Mills (PSM) did not release salaries to its employees for three months, ARY News reported. ARY News correspondent Anwar Khan said two persons, including a PSM employee and an employee’s spouse, have committed suicide within two days. PSM has more than 9,000 employees and its Al Hadeed Welfare Trust has over 40 schools in the metropolis. Since some years it has become a routine that the employees get salaries after three to four months…

Govt approves extension in wheat export till March 15

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday approved the extension in period of export of wheat and wheat products till March 15 The committee met in Islamabad chaired by Finance Minister Ishaq Dar. The decision was made keeping in view the surplus wheat stocks in the country and allowed the export of additional quantity of 400,000 tons of wheat and wheat products by governments of Punjab and Sindh. The meeting also approved payment of salaries to the employees of Pakistan Steel…

ECC approves 3 months’ salaries for Pakistan Steel Mill employees

ISLAMABAD: The Economic Coordination Committee has on Thursday approved three months’ salaries i.e. for the months of June, July and August, 2016 for employees of the Pakistan Steel Mill. The decision was taken at a meeting chaired by Minister for Finance Senator Ishaq Dar at the Prime Minister’s Secretariat. The meeting improved upon the previous practice of approving two months salaries, and instead approved provision of 3 months salaries for the employees of the PSM keeping in view the hardship of employees’…