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Showing posts with the label Subsidized Goods

Government's Decision to Shut Down Utility Stores Corporation

The recent decision by the Pakistani government to shut down the Utility Stores Corporation (USC) has sparked significant debate across the country. Established in 1971, the USC was designed as a state-owned enterprise with the primary goal of providing basic commodities to the public at subsidized rates. Over the decades, the corporation grew to operate nearly 6,000 stores across Pakistan, serving millions of people, especially those from lower-income groups. However, the USC has faced mounting criticism for inefficiency, mismanagement, and corruption, which have overshadowed its original mission. The Decision to Close USC The government, under Prime Minister Shehbaz Sharif, has cited systemic corruption and financial constraints as the driving factors behind the decision to close down the USC. In a recent meeting of the Senate Standing Committee for Industry and Production, the Federal Secretary for Industry and Production, Saif Anjum, confirmed that the government is considering wra...