The Federal Government has established a major financial set worth 27 billion rupees for the Utility Stores Corporation (USC), with the final approval planned at the meeting (today) of the Economic Coordination Committee (ECC). The plan was revealed during a session of the permanent committee of the National Assembly on Monday on Monday, where the members expressed serious concerns concerning the closure of USC points of sale and the non-payment of employee contributions. The Information Committee, the Secretary of Industries and Production said that the RS27 billion package includes RS15-18 billion for a voluntary separation program (VSS) for employees, while RS13.8 billion were intended to erase liabilities due to sellers. The committee was informed that the USC currently included a global debt burden of RS54BN. The secretary added that around 11,000 USC employees, only about 300 would be kept until the end of privatization. Sellers from payments will be erased in two phases, with the priority given to those subject to financial stress. The secretary admitted that the USC has undergone losses since the subsidies were withdrawn, while RS46BN remain in circulation against the company, including the contributions to the trading corporation of Pakistan and the FBR. Dr. Sattar has ordered that a detailed two -page thesis is prepared, including the names and contacts of the ABC Union representatives, the details of employee payments and supplier authorizations. The members of the Committee requested all the details of the financial package prepared for workers. Senator Sehar Kamran stressed that the rights of employees were to be saved in the event of privatization. She warned against the rehearsal of the example of the USC, which was closed and where workers are dismissed. It is relevant to note that with more than 4,000 points of sale on a national scale, the USC has been created to limit market manipulation by retailers and wholesalers, allowing the government to intervene when necessary to provide essential, subsidized products if necessary, to a specific area. The session has also seen concerns about the worsening of electricity failures across the country, legislators criticizing a prolonged delight under the cover of "load management". The president of the Farooq Sattar Committee deplored that citizens were facing power cuts until 15 hours a day. The managers of the power division claimed that there was no load shedding, only "Management of commercial charges" In areas at a high loss. However, the member vehemently challenged the complaint. Maulana Abdul Ghafoor Haidri said that managers still deny merchants, but across the country, especially in Balutchistan, people are under 15 hours. He stressed that the owners of tubes were refused promised payments while whole eaters had been closed. Dr. Sattar noted that Islamabad had already introduced disconnection technology and Scada technology to penalize only defaults, while suggesting its national replication.
Govt offer an RS27B bailiff to USC
