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Supreme Court Bars Pakistan Government from Selling PSM Land

Steel News - Published on Tue, 19 Nov 2019

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Pakistan’s Supreme Court, while hearing a petition concerning a shortage of funds to pay provident funds and gratuities to former Pakistan Steel Mills, has barred the government from selling land owned by PSM to generate funds to do so. A two-member bench, headed by Justice Gulzar Ahmed, said "Pakistan Steel Mills output is zero. It has been ruined by the responsible people to fill their own pockets. Pakistan Steel Mills was once a huge institution. Hundreds of steel mills operated with the help of PSM. Land cannot be sold as it belongs to the people.”

The case had been presented to the apex court by the Ministry of Production. The deputy advocate general, who was representing the government, told the court that PSM did not have sufficient funds to pay salaries and provident funds to employees. He said "We are selling the land in order to pay outstanding dues.”

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Posted By : Rabi Wangkhem on Tue, 19 Nov 2019
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