S. A Haidri
Muzaffarabad: A Board of Directors meeting of Azad Kashmir Logging and Sawmills Corporation was held under the chairmanship of Prime Minister Azad Jammu and Kashmir (PM AJK) Raja Farooq Haider Khan here on Thursday.
Assets including implementation on golden shake hand retirement plan for AKLASC employees were reviewed in the meeting.
The meeting decided that the AJK government will bear the cost for retirement expenses and pricing for the sale of assets will be acquired from professional consultants in the first week of April, who will value those assets within a month.
Moreover, the government’s central design office will also estimate the residual value of AKLASC assets.
It was decided that immediate steps will be taken for the provision of golden shake hand to non-gazette and gazette employees, and the sale of asset sales besides gold shake hand will be processed within 3 months.
However, 54 employees of AKLASC will remain on their services for management purposes in next 3 months, and all outstanding payments will be made within this span of time without any further expansion.
Earlier, AJK cabinet has decided to abolish the AKLASC department till 31st March 2018 and this meeting was held in sequence regarding the implementation of decision taken in cabinet meeting.