PSM Woes

Enterprise - - Letters -

Pak­istan Steel Mills have man­aged to in­crease pro­duc­tion to 60 per cent. Af­ter spend­ing more than 500 mil­lion an­nu­ally since 2008, PSM is now say­ing that they need more money for main­te­nance of ma­chin­ery and they also claim that due to old ma­chin­ery they will not be able to main­tain this high pro­duc­tion at 60 per cent. They have uti­lized the cur­rent grant from the gov­ern­ment in pay­ing back dated salaries to all its staff.

Shock­ingly, Fi­nance Min­is­ter Ishaq Dar has for­warded this re­quest to the ECC. If Mr Ishaq Dar truly wanted to ben­e­fit Pak­istan then he should have in­stead re­quested NAB to start crim­i­nal pro­ceed­ings against the PSM and all its man­agers. Be­cause the PSM has been paid 500 mil­lion ru­pees an­nu­ally since 2008 and with this state­ment they ad­mit that they have not spent any of this amount on main­te­nance and in­stead have uti­lized all this pay­ment, around 3.5 bil­lion ru­pees, on salaries alone.

The PSM has a staff of 1,600 while they re­quire only 900 staff for 100 per cent pro­duc­tion. But since 2008 the PSM have been pro­duc­ing at 6-8 per cent. Em­ploy­ees of PSM re­ceive ex­cel­lent salaries and ex­tra­or­di­nary benefits like house rent, cars, fuel and even ser­vant costs. PSM staff have been given their own houses and they also get elec­tric­ity at sub­si­dized rates.

So my ques­tion to Mr Ishaq Dar and to Prime Min­is­ter Nawaz Sharif is till when will we Pak­ista­nis be pay­ing for the salaries of lazy and crim­i­nal staff of PSM?

Engr. Shahryar Khan Baseer

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