ISLAMABAD: The government has decided to pay seven months salaries to the employees of Pakistan Still Mills (PSM), which is not operational for the last 11 months.
The Ministry of Industries and Production has recommended to the Privatisation Commission to forward a summary to the Economic Coordination Committee (ECC) of the Cabinet for payment of seven months salaries to the PSM employees on humanitarian grounds due to the forthcoming holy month of Ramadan and Eid.
PSM is not operational since June last year, mainly due to the suspension of gas to the mill. The federal government is paying salaries to 15,274 employees of the PSM from its own resources, as the mill management could not afford to pay salaries.
The decision would cost Rs 3.36 billion to the national kitty; as per month salary of the PSM employees is around Rs 480 million. While approving the payment of salaries to PSM employees, ECC had directed to rationalise day to day essential administrative expenditures of PSM through its Board of Directors.
