Islamabad: Leader of the business community and former President ICCI Shahid Rasheed Butt on Saturday said the trading community supports the decision of Prime Minister Imran Khan to lay off thousands of employees of Pakistan Steel Mills (PSM).
He defended the government’s decision to terminate the services of over 9,300 workers of the PSM to avoid losses to the tune of billions of rupees as the fragile economy cannot sustain white elephants anymore.
Shahid Rasheed Butt said that thousands of employees of PSM have failed to produce one kilogram or iron in the last two years but getting salaries and benefits.
He added that opposition is opposing the move as they have adjusted thousands of political workers in this unit pushing it to bankruptcy.
He lamented that Railways will need another injection of Rs35 billion to remain
Highly influential oil mafia will continue to plunder masses with the help of OGRA for which masses will be made to pay, he said, adding that industrialists will continue to evade tax, retailers and wholesalers will resist taxation measures, landed nobility will not pay taxes while masses will pay the bill for their princely living.
