Islamabad:
The federal government has decided to terminate nearly 4,000 permanent employees of the Utility Stores Corporation (USC) through a voluntary separation regime (VSS) before proceeding to the privatization of the company.
Regular employees will be transferred to the surplus basin of the federal government before the privatization process.
According to sources, the USC board of directors, chaired by the Federal Secretary of Industries, SAIF Anjum, approved the training of a four -members committee to finalize the VSS package at a meeting. Managers of the Privatization Commission and the Ministry of Finance were also present.
During the meeting, it was declared that the USC will be closed by July 30, 2025.
Earlier, during a meeting chaired by the Director General of the USC, Faisal Nisar, on June 30, 2025, key decisions were made concerning the closure of USC operations, and instructions were issued to suspend all the operations of public service stores on a national level from July 1, 2025.
All zonaux managers have been responsible for closing accounts for public service and warehouses stores and to submit reconciliation reports in one day.
This decision sparked a strong reaction from employees and their representative organizations. After demonstrations, the management of the USC met with the company’s officials and announced that the closing letter had been withdrawn, describing it as a misunderstanding.
However, a few days later, the board of directors recognized and reaffirmed the closing plan. It has been decided that all sellers and suppliers would be informed to recover their goods from stores and warehouses by July 10.
In addition, the buildings of rented public service stores will be canceled from August 1, 2025 and opinions will be issued accordingly. A two -year audit report is also scheduled by August, while a detailed report on USC assets and their evaluations is being prepared to facilitate the privatization process.
