KARACHI: Pakistan Steel Mills (PSM) has released two months salaries of employees after receiving Rs1.5 billion as first installment of fresh bailout package.
Total bailout package worth Rs2.9 billion will be provided to the Pakistan Steel Mills (PSM).
According to the spokesman, the PSM received Rs1.5 billion from the government on Friday. He said with Rs800 million, salaries of June and July, have been released.
It may be noted here that the PSM employees have yet to receive August salary, however, the month of September is also about to end.