AIRLINK 74.40 Decreased By ▼ -0.16 (-0.21%)
BOP 5.05 Decreased By ▼ -0.01 (-0.2%)
CNERGY 4.43 Decreased By ▼ -0.03 (-0.67%)
DFML 40.35 Increased By ▲ 0.62 (1.56%)
DGKC 87.39 Decreased By ▼ -0.16 (-0.18%)
FCCL 21.82 Decreased By ▼ -0.11 (-0.5%)
FFBL 35.20 Increased By ▲ 0.61 (1.76%)
FFL 9.93 Increased By ▲ 0.18 (1.85%)
GGL 10.59 Increased By ▲ 0.10 (0.95%)
HBL 114.00 Increased By ▲ 0.21 (0.18%)
HUBC 136.25 Decreased By ▼ -0.27 (-0.2%)
HUMNL 11.90 Increased By ▲ 1.00 (9.17%)
KEL 4.86 Increased By ▲ 0.19 (4.07%)
KOSM 4.67 Increased By ▲ 0.03 (0.65%)
MLCF 38.66 Increased By ▲ 0.20 (0.52%)
OGDC 136.11 Decreased By ▼ -0.03 (-0.02%)
PAEL 27.15 Increased By ▲ 0.54 (2.03%)
PIAA 20.80 Decreased By ▼ -1.69 (-7.51%)
PIBTL 6.67 No Change ▼ 0.00 (0%)
PPL 123.36 Increased By ▲ 1.07 (0.87%)
PRL 27.05 Increased By ▲ 0.08 (0.3%)
PTC 14.05 Increased By ▲ 0.14 (1.01%)
SEARL 59.51 Decreased By ▼ -0.36 (-0.6%)
SNGP 70.61 Increased By ▲ 0.55 (0.79%)
SSGC 10.40 Increased By ▲ 0.05 (0.48%)
TELE 8.59 Increased By ▲ 0.05 (0.59%)
TPLP 11.39 Increased By ▲ 0.05 (0.44%)
TRG 65.70 Decreased By ▼ -0.30 (-0.45%)
UNITY 26.35 Increased By ▲ 0.02 (0.08%)
WTL 1.34 Decreased By ▼ -0.01 (-0.74%)
BR100 7,832 Increased By 8.2 (0.11%)
BR30 25,482 Increased By 76.5 (0.3%)
KSE100 75,199 Increased By 115.3 (0.15%)
KSE30 24,093 Decreased By -1.1 (-0%)

KARACHI: Sindh High Court (SHC) on Tuesday directed the federal government to pay the arrears of Rs 11 billion to the retired employees of Pakistan Steel Mill (PSM), who have not approached the court within 45 days.

In previous hearing, SHC had directed the federal government to deposit the outstanding Rs11.680 billion post-retirement benefits of the Pakistan Steel Mills (PSM) employees by September 30 after petitions were filed by Syed Umar Baqi and 850 other PSM workers against the "non-payment" of their gratuities, leaves encashment and provident funds since May 2013.

However, in response to a court query about the post-retirement benefits of all such retired employees of PSM who had not approached the court and allotment of their outstanding dues, the PSM CEO submitted that the total amount payable to such retired employees was Rs11.680 billion.

In yesterday, hearing, to federal government submitted a report about the payment of arrears of retired employees of PSM who had approached the court, which stated that the process of making payment has started.

Federal government's attorney sought six months' time for the payment of arrears to employees of PSM who were not part of petitioners.

Court rejected the plea and ordered that arrears should be paid in 45 days.

Justice Nadeem Akhtar stated that court is giving the government last chance to pay the amount of arrears of all employees. The court ordered for submission of succession certificates by the heirs of those employees who passed away.

The court also that the relatives of those employees who had moved abroad can collect the amount after furnishing of certificates, verified by Pakistani embassies of relevant countries. The court adjourned the hearing of case till Nov 23, 2020.

Copyright Business Recorder, 2020

Comments

Comments are closed.