By Kalbe Ali
ISLAMABAD: 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.
To facilitate a comprehensive review, Mr Aurangzeb constituted a sub-committee led by the Establishment Secretary, with representation from the Finance and Industries & Production divisions. The sub-committee will examine the legal and operational framework, scale, and struc