ECC Confirms Salary Payments To ‘Pakistan Steel Mills’ Employees – Research Snipers

ECC Confirms Salary Payments To ‘Pakistan Steel Mills’ Employees

Pakistan Steel Mills

The Federal Economic Coordination Committee (ECC) has sent approval for the payment of salaries amounting to Rs3.85 billion for Pakistan Steel Mills (PSM) employees for the fiscal year 2020-21.

Adviser to the Prime Minister on Finance and Revenue Dr.Abdul Hafeez Shaikh gave the approval during ECC meeting held in Islamabad today. The salaries will be paid out every month according to the details.

The meeting decided to seek a detailed report from the Ministry of Industries and Production on the nature of liabilities due to PSM on account of retirement dues, the liabilities that will accumulate as a result of the retrenchment plan, and other expenditures on account of utilities or any other charges due on PSM.

The forum was briefed that earlier this month the retired employees of the PSM were already paid Rs12.741 billion as retirement dues but the Sindh High Court (SHC) has asked to pay the non-litigant retired employees as well that will further add 11.68 billion rupees to the expenditure of the Federal government.

The meeting considered and approved 2 technical supplementary grants for the Ministry of Interior amounting to Rs111 million for clearing various liabilities of the ICT administration.  The ECC meeting also approved TSGs amounting to 102 million rupees for Islamabad High Court and 8.5 million rupees for National Heritage and Culture Division for various expenditures.

The Committee also approved the shifting of the Federal Expanded Program on Immunization EPI from development to revenue expenditure with an allocation of 9, 903.195 million rupees through TSG for vaccine procurement in the current financial year to avoid interruption in the immunization program.

ECC also allowed notifying the Kharlachi Border Crossing between Pakistan and Afghanistan as a rebatable border point for the export of goods to Afghanistan. The meeting allowed the exemption from the re-lending of the funds for Pakistan National Emergency Preparedness and Response Plan for Covid-19 to cover the country’s requirements for 12 months through emergency operations.

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