SHC turns down the petition against the privatization of Pakistan Steel Mills

Sindh High Court (SHC), on Tuesday, turned down the petition filed against the privatization of Pakistan Steel Mills (PSM).

As per the details, Pakistan Steel Labor Union (PASLU) had filed a petition in SHC, seeking court’s verdict against the federal government’s decision to privatize Pakistan Steel Mills.

The plea filed by PASLU contended that wrong policies by former governments caused losses to the PSM while the incumbent government did not take any step either to restore it.

The federal government’s decision to retrench the PSM employees is illegal and should be declared unlawful,” read the petition

During the hearing, the court remarked that it has no jurisdiction over the matter for the case is already been dealt by the Supreme Court of Pakistan (SC).

Justice Omar Sial reprimanded the PASLU and expelled their representatives stating, “What you people have done to the steel mills, everyone knows about it.”

Read More: PSM employees in protest against sacking

It is pertinent to know that federal government on June 3, had approved the sacking of 9,850 employees of Pakistan Steel Mills as it running a whopping Rs550 billion deficit. Around 9,350 were supposed to be fired within a month, whereas the other 250 will be fired over a period of 90 days.

In addition to it, the government had announced an Rs 18 billion economic package for the Pakistan Steel Mills employees who were to be fired, with Rs 2.1 million for each individual.