The Economic Coordination Committee (ECC) of Pakistan has given the green light to a substantial Rs30.2 billion grant aimed at facilitating the closure of the Utility Stores Corporation (USC). This move marks a significant step toward restructuring a longstanding government initiative that has served the public for decades.

Officials stress that the closure process will be carried out transparently and with proper organization. All assets of the Utility Stores Corporation are expected to be sold within the current financial year. The revenue generated from these asset sales will cover the entire cost of the closure, ensuring no additional financial burden on the government.

This decision comes amid growing debates about the sustainability and efficiency of the Utility Stores network. With this closure, the government aims to streamline operations and reallocate resources more effectively.

Stay tuned for more updates on how this shift will impact consumers and the retail landscape in Pakistan. Read more