KARACHI - Ministry of Finance has released the sum of Rs2.55b to Pakistan Steel Mills on Monday. The amount is the 2nd installment of the 1st tranche of the approved restructuring package of Rs18.5b. Pay slip for the month of April-2014 has been issued to all the employees of PSM.  Moreover, two L/C’s for procurement of raw materials have also been opened. The remaining amount will be utilised for payment of utility bills i.e. SSGC, KW&SB and K-Electric bills etc. With the release of the 2nd tranche of the approved package, production of the mill would start improving to achieve the capacity utilisation targets set by Government of Pakistan.