Prime Minister’s special assistant on industries and production Haroon Akhtar Khan said the government had decided to close operations of the Public Service Society (USC) to prevent it from turning into “another PIA”, a decision that affected 6,000 employees.
The permanent committee of the National Assembly on industries and production met in Islamabad on Tuesday to discuss the closure. The industries and production secretary Saif Anjum and Haroon Akhtar attended the session.
SAIF Anjum informed the Committee that all USC operations had been closed in accordance with the government’s deadline of July 31.
He added that employee rescue packages had been approved and would be disbursed within 15 days.
Read: 6,000 public service services are dismissed
In July, a high -level committee decided that all the operations of Utility Stores Corporation (USC) would close by July 31. 30 billion rupees have been approved to supervise the transition, funds allocated as an additional technical subsidy for liquidation costs and employee protections.
Of the total, 19 billion rupees were reserved for employee rescue packages, compared to 15 billion rupees previously planned.
The Economic Coordination Committee and the Cabinet approved the packages under the rules of activity. The government also plans to sell 21 USC properties.
The confusion was born at a meeting of the permanent committee of the National Assembly on industries and production, where the president noted that the Minister had previously declared that USC operations would not be interrupted.
The Prime Minister’s special assistant on industries and Haroon Akhtar Khan production said that the closure has been decided “with a heavy heart”, adding: “Nowhere in the world manages companies. If so, losses are inevitable. ” He also said that the International Monetary Fund had ordered the government to reduce losses or close USC operations.
Find out more: Public service stores to close by July 31
The government has closed public service stores (USC) due to financial constraints, resulting in the termination of 6,000 employees.
The officials said that generalized corruption and the subsidy burden made the organization unsustainable. “We need RS20 to 25 billion to manage public service stores for two more years,” said a manager to the permanent committee of the National Assembly on industries and production.
When the member of the Mahesh Kumar committee asked that the decision being reconsidered, the secretary of industries and production, Saif Anjum, replied that all operations had already ceased.
A high -level committee trained in July had recommended to stop USC operations on July 31. 30 billion rupees have been approved to manage the closure, including employee rescue packages.
During the session, the Prime Minister’s special assistant on industries and production Haroon Akhtar Khan also called for deliberations on the recovery of Pakistani steelworks with Russian aid, adding that a decision would be finalized by the end of the month. “If an institution is being stimulated, the government is doing everything possible,” he said.
