Pakistani media reported that Pakistan’s Supreme Court’s two member bench led by Chief Justice Gulzar Ahmed and comprising Justice Ijazul Ahsan observed that the management of the Pakistan Steel Mills is responsible for its downfall as no misdeed can be carried out without the consent of the administration and ordered that the officers of the mega industrial unit should first be sacked before the 3,700 staff is forced to resign. Observing that the entity was not making profit, it further directed that the payments to all the PSM employees should be stopped.During the course of proceedings, the top court was informed that the privatisation of the PSM has entered an advanced stage. Industries and Production Ministry secretary told the SC bench that the process of PSM's privatisation would be completed by September,
Pakistani media reported that Pakistan’s Supreme Court’s two member bench led by Chief Justice Gulzar Ahmed and comprising Justice Ijazul Ahsan observed that the management of the Pakistan Steel Mills is responsible for its downfall as no misdeed can be carried out without the consent of the administration and ordered that the officers of the mega industrial unit should first be sacked before the 3,700 staff is forced to resign. Observing that the entity was not making profit, it further directed that the payments to all the PSM employees should be stopped.During the course of proceedings, the top court was informed that the privatisation of the PSM has entered an advanced stage. Industries and Production Ministry secretary told the SC bench that the process of PSM's privatisation would be completed by September,
