Finally, a sigh of relief for the protesting workers as the Economic Coordination Committee (ECC), on Wednesday, approved to release Rs. 1 billion to pay the pending salaries of Pakistan Steel Mills employees.
The amount will also be used to pay halted pensions for the widows of deceased employees.
Finance Minister Asad Umar chaired the ECC meeting which decided to cater to this issue at the level of finance division and the concerned ministry in the future.
The committee also approved the import of 50 thousand tons of urea for the FY2018-19.
During the meeting, the Ministry of Industries and Production informed that dealers were behind the recent hike in cement prices. Hearing this, the committee directed provincial governments to keep check cement prices.
The ECC deferred the release of circular debt to the Pakistan State Oil (PSO) and also allowed supply of gas to the Fatima Fertilizer and Agri Tech Fertilizer.