ECC decides to release Rs760m for PSM employees

ISLAMABAD: Prime Minister Shahid Khaqan Abbasi chaired a meeting of the Economic Coordination Committee (ECC) of the Cabinet on Tuesday at the PM Office.

The ECC decided to release Rs760 million as two-month salaries for Pakistan Steel Mills' 12,000 employees. 

The employees have reportedly not been paid salaries for five months. 

Sources said the allocation of gas from Makori field and Liquefied Petroleum Gas Air Mix projects came under discussion during the meeting.

Moreover, the meeting approved the issue of subsidy on wheat for Gilgit-Baltistan as well as discussed a report on margins for oil companies and dealers.

Cabinet meeting to discuss new US policy today

The session of the National Assembly is set to take place at 3pm as well

On August 11, a notification was issued stating that the prime minister will be heading the ECC, instead of its then chairman — Finance Minister Ishaq Dar.

The committee includes ministers of communications, petroleum, commerce, industries and production, information, law, planning, railways, food and power and water.

A meeting of the Executive Committee of the National Economic Council (Ecnec) began after the ECC meeting. 

Ecnec is the highest body to approve official projects. 

Several mega development projects were approved in the meeting, including the Sialkot-Lahore motorway's new financial plan, according to sources