BR100 Decreased By (-0.88%)
BR30 Decreased By (-0.81%)
KSE100 Decreased By (-0.74%)
KSE30 Decreased By (-0.73%)
AGHA 7.41 Decreased By ▼ -0.15 (-1.98%)
BECO 5.11 Increased By ▲ 0.02 (0.39%)
BML 55.48 Increased By ▲ 0.50 (0.91%)
BOP 32.25 Decreased By ▼ -0.73 (-2.21%)
CNERGY 10.34 Increased By ▲ 0.24 (2.38%)
CSIL 5.02 Decreased By ▼ -0.11 (-2.14%)
FCCL 51.30 Increased By ▲ 0.05 (0.1%)
FFL 15.90 Decreased By ▼ -0.28 (-1.73%)
FNEL 1.20 Increased By ▲ 0.01 (0.84%)
KEL 7.12 Increased By ▲ 0.06 (0.85%)
KOSM 5.37 Decreased By ▼ -0.17 (-3.07%)
LOTCHEM 26.54 Decreased By ▼ -2.58 (-8.86%)
MLCF 86.96 Decreased By ▼ -1.86 (-2.09%)
NBP 192.29 Decreased By ▼ -5.20 (-2.63%)
NCPL 55.31 Increased By ▲ 0.29 (0.53%)
NPL 65.45 Increased By ▲ 0.57 (0.88%)
OGDC 311.95 No Change ▼ 0.00 (0%)
PACE 10.35 Increased By ▲ 0.14 (1.37%)
PAEL 40.50 Decreased By ▼ -0.49 (-1.2%)
PIBTL 15.95 Decreased By ▼ -0.01 (-0.06%)
PPL 212.00 Decreased By ▼ -0.66 (-0.31%)
PRL 52.68 Increased By ▲ 0.14 (0.27%)
PTC 68.00 Decreased By ▼ -1.08 (-1.56%)
SSGC 24.74 Decreased By ▼ -0.36 (-1.43%)
TBL 9.50 Decreased By ▼ -0.12 (-1.25%)
TELE 8.24 Decreased By ▼ -0.08 (-0.96%)
TPL 17.80 Increased By ▲ 0.05 (0.28%)
TPLP 12.98 Decreased By ▼ -0.24 (-1.82%)
TREET 21.14 Decreased By ▼ -0.60 (-2.76%)
TRG 59.61 Increased By ▲ 2.72 (4.78%)
Pakistan

SC bars government from selling Pakistan Steel Mills land

Apex court dismissed the govt's application against the order to freeze accounts of Ministry of Industry and Produc
Published Updated
  • Apex court dismissed the govt's application against the order to freeze accounts of Ministry of Industry and Production.
  • Justice Gulzar Ahmad remarked that the production of the mill is zero.

The Supreme Court (SC) barred on Monday the federal government from selling Pakistan Steel Mills (PSM) land.

A two-member bench, headed by Justice Gulzar Ahmed, heard the case related to payment of provident fund to PSM employees. The government counsel argued that the government is selling land to pay employees salaries.

The court dismissed the government's application against the order to freeze the accounts of the Ministry of Industry and Production. Justice Gulzar Ahmed expressed disappointment at the steel mill's performance and said that the mill was destroyed by the government to fill their own pockets.

Justice Gulzar Ahmad remarked that the production of the mill is zero. He said that PSM was once a very large company and hundreds of steel mills used to run through it. “Cars, trucks and even rockets were prepared in PSM,” he said.

The court has barred the federal government from selling the land of PSM, saying that it cannot be sold as “it belongs to the people”. The hearing was subsequently adjourned for 15 days.

Comments

Comments are closed for this article.