Sehar Timings Mar 30 - Ramazan 19

Lahore
LHR
04:35 AM
Karachi
KHI
05:11 AM
Islamabad
ISB
04:37 AM
Peshawar
PWR
04:41 AM
Quetta
QTA
05:06 AM

News

PSM Stakeholders’ Group presents proposals for resumption of industrial activities

August 31, 2020 02:12 PM


The Pakistan Steel Mills Stakeholders’ Group (PSMSG) has prepared and submitted proposals to the federal government for resumption of industrial activities in Pakistan Steel Mills, 24NewsHD TV channel reported Monday.

PSMSG said industrial activities in Pakistan Steel Mills should be restored and demanded for a transparent investigation into the mega scandal in the PSM to recover Rs 150billion.

It is pertinent to note that the PSMSG body consists of employees, pensioners, suppliers, dealers and contractors.

The Stakeholders Group submitted these suggestions in a response to the 18 June letter sent by Ministry of Industry and Production.

The body also proposed for an audit of the performance of the Board of Directors (BoD) of Pakistan Steel Mills.

It also proposed to hand over the PSM to professional administration and to resolve the land issues with the Sindh government.

The federal government this year approved retrenchment of all the 9,350 remaining employees of the Pakistan Steel Mills (PSM) with a one-time severance cost of about Rs20bn in a meeting taken at a meeting of the Economic Coordination Committee (ECC) of the cabinet presided over by Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh.



Most Read

  1. Man murders young sister by smothering her with pillow in Toba Tek Singh Man murders young sister by smothering her with pillow in Toba Tek Singh
  2. Aitchison College students, parents stage protest against principal’s resignation Aitchison College students, parents stage protest against principal’s resignation
  3. Five Chinese among six killed in Shangla suicide bombing Five Chinese among six killed in Shangla suicide bombing
  4. Sahiba meets her father for the first time Sahiba meets her father for the first time
  5. Maaz Safder regrets 4-year relationship with wife Saba Maaz Safder regrets 4-year relationship with wife Saba
  6. ‘Khaie's incredible ending receives rave reviews and big applause ‘Khaie's incredible ending receives rave reviews and big applause

Opinion

  1. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer

  2. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  3. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay

  4. Global race: China will reduce its unnecessary expenses
    Global race: China will reduce its unnecessary expenses

    By Ali Ramay

  5. Channer Pir: The Great Saint of Cholistan
    Channer Pir: The Great Saint of Cholistan

    By Dr Asif Channer

  6. Literate the Religious Illiterate
    Literate the Religious Illiterate

    By Dr Asif Channer