Government to sell 1300 acres of Pakistan Steel Mills land ...palestine

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Federal Minister for Industries and Production Hammad Azhar said that the government would sell 1300 acres of Pakistan Steel Mills (PSM) land in an effort to run the loss-making public sector enterprise. The PSM owns a total of 19,000 acres of land. The land being leased is the mills plant area, he said. The minister said that each PSM employee will be paid over Rs2.3 million. If the employees are not laid off then the government would have to pay several hundred billion just to keep the PSM afloat, Azhar said. About Rs10 billion will be paid to the laid off employees. “Governments have paid Rs92 billion for bailout so far,” said Azhar. “The monthly salary of a closed mill is Rs7

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Last updated : 28 Nov 2020 clock 04:45 PM

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Government to sell 1300 acres of Pakistan Steel Mills land ...palestine

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