CORONAVIRUS: PAKISTANI GOVERNMENT LAYS OFF THOUSANDS OF WORKERS TO REVIVE ECONOMY
Pakistan’s minister for industries and production recently announced the government’s plans to privatize the Pakistan Steel Mills (PSM) raising alarm over the impending layoff of over 9,000 of its employees. While state-run industrial entities like PSM are often marred by corruption and incompetence, and cause the exchequer losses in billions every year, labor organizations in Pakistan strongly oppose the proposed privatization.