The federal government has decided to close the Pakistan Steel Mills, a meeting of the Senate Standing Committee on Industry and Production was held under the chairmanship of Senator Aun Abbas Bipi, and the government decided to close the Pakistan Steel Mills.
Briefing regarding steel mills was given in the meeting, it has been revealed that the annual expenditure of steel mills in terms of interest on loans from government and commercial banks is 17 billion. After paying interest, Steel Mills owes 104 billion government debt and 38 billion National Bank debt.
The Secretary of Industry and Production has said that the Sindh government will set up its own steel mills at the place of Pakistan Steel Mills. The Ministry of Industry and Production has offered to give 700 acres to the Sindh government for steel mills. , except 700 acres of land will be used for industrial purposes.
Chief Financial Officer Arif Sheikh further said that the value of 18 thousand acres of Pakistan Steel Mills is 622 billion rupees, the mills plant on 10 thousand acres, 8 thousand acres are in use in residential areas, 358 out of 500 vehicles of Pakistan Steel Mills. Available, the annual salary volume of Pakistan Steel Mills employees is 3.1 billion rupees.
It was told in the meeting that 32 billion rupees were paid as salaries to steel mills employees in the last ten years. Arif Sheikh further said that gas worth 7 billion rupees has been used in the steel mills in the last ten years.
Officials of steel mills said that in 2010, the government of that time asked to make 4500 employees permanent, in 2010, by making 4500 employees permanent, the cost increased by 2 billion. It will set up a new plant to operate, 4500 of the land of steel mills will be leased to the Extraspatial Economic Zones.
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2024-07-06 17:46:09
