July 31 deadline set to wind up Utility Stores

A meeting of the committee formed by the prime minister to oversee the closure and privatisation of the Utility Stores Corporation (USC) was held at the Finance Division on Wednesday. Chaired by Finance Minister Muhammad Aurangzeb, the meeting was attended by Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan, secretaries of the Establishment, Finance, and Industries & Production divisions, the USC managing director, and senior officials of the Finance Division. The committee, mandated to ensure a smooth and transparent closure process, is tasked with devising a fair Voluntary Separation Scheme (VSS) for USC employees and recommending a structured timeline for privatisation.