ISLAMABAD - National Assembly Standing Committee on Industries and Production Thursday recommended the release of Provident Fund and Gratuity Fund to 3500 retired employees of Pakistan Steel Mills on priority basis.

Officials informed the committee that provident funds ranging from 2008-09 to June 2015 had been paid to the employees whereas since 2013, no gratuity had been paid to the retiring employees of PSM . They said mill has to pay Rs 10.8 billion arrears to the retired employees.

The Standing Committee also discussed the implementation status on the recommendations of the Standing Committee on Industries and Production given in its meeting held on 13th July, 2017 regarding Pakistan Gems and Jewelry Development Company, PASDEC and recommended to call representatives of Marble Association of Pakistan and State Bank of Pakistan in the next meeting.

In previous meetings, the committee had recommended to outsource PGJDC, Pakistan Stone Development Company and Furniture Company of Pakistan.

The Standing Committee further discussed the matter regarding Al-Tawairqi Steel Mills Karachi, on proposal for restarting Al-Tuwairqi plant in Port Qasim and recommended to follow up the said proposal.

Al-Tawairqi Mills is Pakistan’s first private-sector integrated steel manufacturing project of Al Tuwairqi Holding, Kingdom of Saudi Arabia. It is spread over 220 acres at Bin Qasim, Karachi. The plant has a capacity to produce 1.28 million tons of high-quality steel.

APP adds: The committee meeting was held here under the chairmanship of Member National Assembly Asad Umar. Members of National Assembly (MNAs) Qaiser Ahmad Sheikh, Dr Shezra Mansab Ali Khan Kharal, Sardar Kamal Khan Chang, Sahabzada Muhammad Nazeer Sultan, Chaudhry Riaz-ul-Haq, Abdul Hakeem Baloch, Ms Sajida Begum, Mehboob Alam, Maulana Muhammad Gohar Shah, Iftikhar-ud-din and Minister for Privatization Commission attend the meeting.