Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

Senate panel unhappy over non-compliance of its direction

byCT Report
04/01/2018
in Business
Share on FacebookShare on Twitter

ISLAMABAD: Senate Standing Committee on Industries and Production expressed displeasure over non compliance of its directions regarding sending case against authorities responsible for Pakistan Steel Mills to National Accountability Bureau (NAB) and Federal Investigation Agency (FIA).

Chairman of the committee, Senator Hidayatullah directed to send the case of illegal withdrawal of funds from provident funds of employees of Pakistan Steels Mills to NAB so that strict action should be ensured against the responsible authorities.

You might also like

Pakistan’s power sector circular debt rises to Rs1.67 trillion in FY26

19/08/2026

SECP clears 13th public offering of 2026 as Naya Nazimabad REIT heads to PSX

18/08/2026

The Chairman said it was not appropriate to consider provident funds of the employees of PSM. He said the recommendations of the committee for revival of PSM should be strictly implemented.

Secretary Ministry of Industries assured the committee that the case of provident funds would be sent to NAB by tomorrow (Thursday).

The officials of PSM informed the committee that besides Chairman PSM, some other officials and trustees were also involved in the illegal activity.

The committee also directed to pay at least Rs 15,000 per month salary to employees of welfare school being run under PSM.

The committee also recommended resolving on priority the issue of gratuity and pension dues to the employees of PSM.

Meanwhile, briefing the committee, Managing Director Utility Stores Corporation informed the committee that currently the corporation was facing loss of Rs 17 million daily and as many as 4,477 stores were running in loss.

He said main reason behind such a huge loss was over burden of employees as around 480 employees were in surplus.

Related Stories

Pakistan’s power sector circular debt rises to Rs1.67 trillion in FY26

byCT Report
19/08/2026

ISLAMABAD: Pakistan’s power sector circular debt increased by Rs61 billion during fiscal year 2025-26, reaching Rs1.675 trillion by June 30,...

SECP clears 13th public offering of 2026 as Naya Nazimabad REIT heads to PSX

byCT Report
18/08/2026

KARACHI: Pakistan’s primary equity market extended its most active stretch in years Tuesday, as the Securities and Exchange Commission of...

Sales tax chaos: Hybrid vehicle makers halt production

byCT Report
17/08/2026

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded an immediate rollback of the sales tax...

Weekly inflation rises 0.15pc, annual rate reaches 9.11pc

byCT Report
15/08/2026

ISLAMABAD: Pakistan’s weekly inflation increased by 0.15%, pushing the annual inflation rate to 9.11%, according to the latest report released...

Next Post

Over half of new car sales in Norway are electric or hybrid vehicles

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.