The Economic Coordination Committee (ECC) has authorized the release of salary payments for employees of Pakistan Steel Mills (PSM) from the budget already allocated for the 2025-26 fiscal year. The approval came during an ECC meeting chaired by Finance Minister Senator Muhammad Aurangzeb. According to the official statement, the funds will be released from the previously approved budgetary allocation to ensure uninterrupted employee-related payments.

The Economic Coordination Committee (ECC) has authorized the release of salary payments for employees of Pakistan Steel Mills (PSM) from the budget already allocated for the 2025-26 fiscal year.

The approval came during an ECC meeting chaired by Finance Minister Senator Muhammad Aurangzeb. According to the official statement, the funds will be released from the previously approved budgetary allocation to ensure uninterrupted employee-related payments.

The decision is aimed at maintaining regular salary disbursements for PSM staff despite the state-owned enterprise remaining largely non-operational.

Pakistan Steel Mills has relied on government financial support for employee salaries and essential administrative expenses for several years following the suspension of commercial production.

The ECC’s approval ensures that salary obligations will continue to be met without requiring an additional budget allocation beyond what has already been approved for the current fiscal year.

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