Pakistan Steel Mills employees await payment of salaries for the last 4-months

News Image

MG News | August 21, 2017 at 12:50 PM GMT+05:00

0:00

Pakistan Steel Mills workers anxiously waiting for the salaries to be released by the government as around four months overdue payments are pending, said an official of the steel unit.

The government last released salary for the month of March on June 22, since than we are waiting for another announcement. “Now salary for April, May, June and July are due while August, fifth month about to end”, said an official.

The workers are facing hardship, several has to sell their holdings like car and valuable while other officials borrow to pay off their debts.

Since last two years the Pakistan Steel Mills has been closed after Sui Southern Gas stopped supply on the amount not cleared by the steel unit. “We urge the government that the Steel Mills has the capacity to at least bear the salary expenses if start running on regular basis”.

Both the companies are state-run Sui Southern Gas and Pakistan Steel Mills, why government could not intervene in the matter and resolve the issue promptly.

Related News

Name Price/Vol %Chg/NChg
KSE100 171,704.76
562.66M
4.23%
6962.29
ALLSHR 102,482.11
1,196.47M
3.95%
3892.19
KSE30 51,734.35
279.44M
4.53%
2242.85
KMI30 246,406.23
267.53M
4.17%
9855.14
KMIALLSHR 66,517.53
655.25M
3.98%
2547.90
BKTi 47,795.75
95.95M
4.80%
2186.96
OGTi 35,771.39
36.24M
5.10%
1734.94
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 81,650.00 81,805.00
81,225.00
-85.00
-0.10%
BRENT CRUDE 101.96 109.02
96.75
-7.91
-7.20%
RICHARDS BAY COAL MONTHLY 110.00 110.00
110.00
-3.85
-3.38%
ROTTERDAM COAL MONTHLY 110.10 110.10
110.10
-0.30
-0.27%
USD RBD PALM OLEIN 1,191.50 1,191.50
1,191.50
0.00
0.00%
CRUDE OIL - WTI 96.05 96.33
95.62
0.97
1.02%
SUGAR #11 WORLD 14.83 15.35
14.45
-0.54
-3.51%

Chart of the Day


Latest News
May 06, 2026 at 05:19 PM GMT+05:00

PKR posts slight gain vs USD


May 06, 2026 at 05:13 PM GMT+05:00

Govt, World Bank review progress on 10-Year CPF


May 06, 2026 at 04:03 PM GMT+05:00

PSX Closing Bell: Sky’s the Limit



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg