ISLAMABAD: The Economic Coordination Committee of the cabinet on Wednesday approved a rationalisation plan for Pakistan Steel Mills to lay off more than 9,000 employees, but tied the final decision with legal go-ahead.The ECC set up a body headed by Special Assistant to Prime Minister for Petroleum Nadeem Babar to explore various call options for hedging prices for the petroleum products imported by Pakistan. The ECC also took notice of shortages of petrol in various parts of the country and...