CJP orders govern­ment to lay off all employ­ees, and appoin­t new people if it wants to keep PSM runnin­gISLAMABAD: The Supreme Court on Thursday demanded a response from the federal government on the privatisation of Pakistan Steel Mills (PSM). A three-member bench led by Chief Justice Gulzar Ahmed heard the case, pertaining to the privatisation of PSM. The chief justice said the mills have been closed since 2015 and the employees are still receiving their salaries, adding that the government is paying billions annually. CJP Gulzar further ordered the government to lay off all employees, and appoint new people if it wants to keep PSM running. PTI govt excludes PSM from CPEC frameworkEarlier this year, the government decided not to include Pakistan Steel Mills (PSM) in the China-Pakistan Economic Corridor (CPEC) framework, reversing its earlier decision to offer the country’s largest industrial unit, which has remained closed for almost five years, exclusively to Chinese investors.

Source: The Express Tribune March 12, 2020 07:18 UTC