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Pakistan Steel Mills in double trouble?

19 July, 2013

KARACHI: Pakistan Steel Mills (PSM) is a defaulter with Rs 332.67 million as of June 2013 reported Karachi Water and Sewerage Board Revenue Department. According to details, the PSM owed Rs 196.63 million in outstanding dues until September 2011, which rose to Rs 332.67 million till June 2013.

The PSM has paid a total sum of Rs 111.20 million during this period, however outstanding dues excluding water and sewerage bill for the current month July 2013 has not been included in the outstanding dues yet. KWSB Revenue Authorities are in contact with PSM to ensure that outstanding dues are paid.

The water and sewerage utility company is going through financial crises and is trying to ensure that dues are recovered for the betterment of the institution. However the KWSB can disconnect water supply and sewerage facilities to steel mills and other defaulting government institutions with the permission of higher officials.

Beside PSM, Karachi Municipal Corporation (KMC) owes around Rs 700 million to the KWSB, Public Health Department owes Rs 550 million, PWD owes Rs 498 million, Sindh Education Department Rs 245.8 million, Provincial Buildings (PWS) owes Rs 90.27 million, Pakistan Railway owes Rs 150.54 million, Printing Corporation of Pakistan owes Rs 14.50 million, Faisal Cantonment Board Rs 26.8 million, Korangi Cantonment Board Rs 13.7 million, Malir Rs 100 million, Clifton Cantonment Board Rs 80 million, Machine Tool Factory Rs 11 million, Hockey Club Stadium Rs 21 million, District Jail Malir Rs 100 million and SITE Limited is a defaulter of Rs 65 million in outstanding dues.

Despite several reminders and letters these institutions are not paying their bills. Therefore, the KWSB is not in a position to continue provision of water and sewerage facilities since the utility is going through financial crises and is in dire need of financial resources. The KWSB spokesperson hopes that all Government Institutions would help the water and sewerage utility company by paying their outstanding bills.

End.

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