Senate body briefed over pension, gratuity of retired employees.

ISLAMABAD -- Senate Standing Committee on Industries and Production in its meeting was told that the total liabilities in terms of pension and gratuity of retired employees amount to Rs15. 8 billion for which Rs238 million have been received recently from the National Industrial Park and proposal to sale some steel slabs of worth around Rs5 billion is under consideration. It was also told that this liquidation of asset will take around 12-18 months. The Committee was of the view that the payment of 5 billion should be made as early as possible so that 33 percent of the total liability is paid and sufferers get some relief. The meeting was held under the Chairmanship of Senator Ahmed Khan at the...