The Federal Minister for Industries and Production, Rana Tanveer Hussain, has firmly dismissed rumors of the impending closure of the Utility Stores Corporation (USC). During a recent meeting with USC representatives, including the Managing Director and the Secretary of Industries and Production, the minister stated, “There is no plan to close the Utility Stores Corporation.” He further clarified that the government is working on restructuring strategies to enhance the corporation’s efficiency and transparency.
A new subsidy mechanism is being devised to ensure greater transparency in operations. The government aims to protect the interests of USC employees and consumers alike by making all decisions in close consultation with relevant stakeholders. This commitment to inclusivity and transparency marks a significant departure from earlier fears of unilateral decisions impacting the workforce and millions of low-income families relying on the USC for affordable goods.
Employee Concerns Addressed, Protests End
In light of these assurances, USC employees have ended their sit-in protest, which began in response to concerns over job security following reports of potential closures. The protest, held at D Chowk since August 26, was fueled by fears that the government’s right-sizing initiative might lead to the dissolution of the USC. Rana Tanveer Hussain’s promise that all restructuring decisions would involve employee representatives helped defuse the situation. He confirmed that a committee, including representatives from all unions, will oversee the restructuring process to safeguard employees’ interests.
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The employees were further reassured by the continuation of the Rs50 billion subsidy under the Benazir Income Support Programme (BISP) and an additional Rs10 billion Ramazan package. “We will protect the interests of all government employees. All decisions will be made with consultation,” the minister emphasized, highlighting the government’s commitment to ensuring job security and continued operations.
Founded in 1971, the USC operates around 4,000 stores nationwide, serving millions of low-income households with essential goods at subsidized rates. The government’s decision to maintain these operations while exploring restructuring options reflects a balanced approach, aiming to improve efficiency while preserving the critical role USC plays in supporting vulnerable communities.