Wednesday, April 23, 2025
Home News Senate Committee Discusses Progress and Theft of Assets at Pakistan Steel Mills

Senate Committee Discusses Progress and Theft of Assets at Pakistan Steel Mills

A meeting of the Senate Standing Committee on Industries and Production was held under the chairmanship of Senator Khalida Ateeb in Islamabad today. The committee members engaged in discussions regarding the progress made in the maintenance of Pakistan Steel Mills (PSM) and the alarming issue of theft involving the company’s assets, allegedly valued at billions of rupees.

Stolen Gas Valve and Dismissal of Officer Spark Controversy

During the meeting, Senator Fida Muhammad brought attention to the theft of a gas valve worth millions of rupees from PSM. Chairperson Khalida Ateeb highlighted that an officer involved in the theft of goods worth Rs. 10 billion had been dismissed by Pakistan Steel Mills. Expressing her opinion, she suggested that the individual be reinstated and questioned the whereabouts of the stolen goods.

Briefing on Theft Case and Payment of Pending Dues

PSM officials provided a briefing to the committee, revealing that the case related to the theft is currently under investigation by the Federal Investigation Agency (FIA). They clarified that Engineer Abdur Rehman Warraich was held responsible for the stolen equipment, which was valued at Rs. 4.7 million. Following an inquiry, the steel mills authorities found him guilty of theft and misconduct.

The committee also received a briefing on the status of pending dues payments to PSM employees. The Additional Secretary Industries informed the members that outstanding dues amounting to Rs. 12 billion had been fully paid to 4,734 out of a total of 5,282 PSM employees. However, payments totaling Rs. 1.66 billion to 1,591 individuals are still pending, with 42 employees resorting to legal action.

Ali Haider
Tech enthusiast captivated by innovation, with a heart full of love for majestic ice bears.

Most Popular

BISE DG Khan Board HSSC Part 2 Roll No Slips 2025

Board of Intermediate and Secondary Education DG Khan has finalized all preparations for conducting the DG Khan Board 2nd Year 1st annual...

BISE Bahawalpur Board HSSC Part 2 Roll No Slips 2025

Board of Intermediate and Secondary Education Bahawalpur has taken the necessary steps to initiate the BISE Bahawalpur HSSC Part 2 Annual-I Exams...

Step Into Style: 2025’s Hottest Women Shoes Trends in Pakistan

Footwear isn’t just a necessity—it’s a statement. At Forum Pakistan, we’re diving into the world of women shoes to uncover the latest...

Buy or Sell Animals, Birds, and Livestock in Pakistan

In today’s digital age, convenience is key – and when it comes to buying or selling animals, birds, or livestock, BakraOnline.pk has...

Recent Comments