Staff Reporter
Karachi
The federal government on Tuesday submitted the dues of retired employees of Pakistan Steel Mills (PSM) to the Sindh High Court.
The Sindh High Court was due to formally distribute the money among the retired employees of PSM Steel Mills.
In this regard, a poster has been placed outside the Sindh High Court office that asked retired employees of Steel Mills to gather in the lawn of the SHC to receive their cheques.
On August 28, the Pakistan Steel Mills (PSM) formally asked the federal government to disburse an amount of over Rs11.44 billion so that it could pay the dues of the retired employees.
The PSM management wrote a letter to the Accountant General of Pakistan, saying the money would be used to release the dues of the 90 percent employees facing forced retirement.
President Arif Alvi had already ordered the release of the required amount which was earlier approved by the ECC (Economic Coordination Committee). In June this year, the ECC had approved a grant of Rs18 billion to sack 9,350 PSM employees who would get the golden handshake.
