ISLAMABAD: Senate’s Functional Committee on Less Developed Areas has directed the management of Utility Stores Corporation to improve its performance within six months.
Committee Chairman Muhammad Usman Khan Kakar issued this warning to the USC managing director, adding that the department is involved in massive corruption and mismanagement.
The chairman said most USC networks could not exist in less developed areas as it gives no benefits to the poor people. However, Ministry of Industry and Production Secretary Khizar Hayat told the committee that time for improvement should be given to the corporation, as it is planning several changes to make it profitable.
Additional Secretary Shafqat Ranjah told the committee that main idea behind the establishment of USC was price stabilisation in the market. He recommended that USC could purchase goods in large quantity at lower rates and sell below the market prices.
