ECC directs Finance Division to release Rs355 mln to PSM,

ISLAMABAD, Aug 28 (APP):The Economic Coordination Committee (ECC) of the Cabinet on Wednesday directed the Finance Division to release one month salary amounting to Rs 355 million for the month of June to the employees of Pakistan Steel Mills.

The ECC met here with Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh to further authorize the Finance Division to arrange for payment of projected net salary of Rs4,097 million to the PSM employees for the Financial Year 2019-20 to be disbursed every month to PSM.

The ECC has approved proposals submitted by the Ministry of Industries and Production for payment of salaries to the employees of Pakistan Machine Tool Factory (PMTF) and Pakistan Steel Mills (PSM).