Business community supports PM's steel mills decision.

ISLAMABAD -- Leader of the business community and former President ICCI Shahid Rasheed Butt on Friday 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. 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. The business leader said that coronavirus has bled the masses white and they cannot bear the burden of keeping the failed corporations alive artificially.

The funds wasted by failed state-run companies are more than our defense budget and this...