Sunday , January 20 2019
Home / Business / Salary payment to PSM employees expected next week

Salary payment to PSM employees expected next week

pakistan steel mill

KARACH – The protests of employees of Pakistan Steel Mills paid off at last as sources revealed that the Government has decided to pay the remaining salaries in next week.

It reported that PMS will pay Rs. 57 crore in lieu of 1.5 months salary. And the government will be liable to pay additional 3 months salary.

The production capacity of PMS is on halt since July 2015 as it has to bear at Rs. 2 billion in lieu of monthly deficit.
The total deficit of government institution amounted to 200 billion rupees.

Check Also


Analysts say completion of CPEC will bring economic, trade and social changes in the region

  CPEC is great initiative which is not only beneficial for China and Pakistan but …

Leave a Reply

Your email address will not be published. Required fields are marked *