Employees of Pakistan Steel Mills (PSM) will continue receiving their salaries after the Economic Coordination Committee (ECC) approved the release of funds from the government’s existing budget allocation for the 2025-26 fiscal year.

The approval was granted during an ECC meeting chaired by Finance Minister Senator Muhammad Aurangzeb.

According to the official statement, the committee authorized salary payments from the already approved budget instead of allocating additional funds, ensuring uninterrupted employee-related payments.

Pakistan Steel Mills has remained largely inactive for years, but the federal government continues to finance employee salaries and other essential obligations through budgetary support.

The latest decision ensures that salary disbursements will continue without delay while the government manages the financial commitments associated with the state-owned enterprise.

The approval formed part of a wider package of fiscal measures cleared by the ECC covering various ministries, public sector entities, and development projects.