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Approval of seven months salaries from December 2015 to June 2016 for Pakistan Steel Mills employees

Islamabad, April 25, 2016 (PPI-OT):Ministry of Industries and Production has recommended to privatization Commission to move a summary for payment of seven months salaries for the period from December, 2015 to June, to the employees of PSM as recommended by PSM management 2016 on humanitarian ground due to forthcoming holy month of Ramdan/Eid holidays.

While approving the payment of salaries to Pakistan Steel Mills, ECC directed to rationalize day to day essential administrative expenditures of PSM through Board of Directors. The meeting of Board of Directors however could not be held which has now been scheduled to be held on 27-04-2016.

The Secretary Industries and Production Mr. Khizar Hayat Gondal initiated for these Meeting. Mr. Khizar Hayat Gondal, Federal Secretary for Industries and Production said “We fully understand the difficult situation, which thousands of employees of PSM are currently facing. We are extremely sensitive to the wellbeing of employees of all state owned enterprises listed under the privatization programme, as we fully understand the financial and social implications of families not receiving salaries for months. We are therefore doing our best to provide the employees maximum protection”.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +92-51-9252323 and +92-51-9252324
Fax: +92-51-9252325 and +92-51-9252326
Email: piopid@gmail.com

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