ECC Approves Rs11.3 Billion for Utility Stores Closure and Employee Dues

Islamabad: The Economic Coordination Committee (ECC) has approved a Technical Supplementary Grant of Rs11.329 billion for the Utility Stores Corporation to meet immediate funding requirements and help complete the corporation’s closure process. The decision was taken at an ECC meeting chaired by Finance Minister Muhammad Aurangzeb on October 8, 2026. PID
Current reporting says the approved amount will also support settlement of outstanding obligations linked to dismissed USC employees, including pending salaries, severance and other verified dues. More than 7,000 employees were dismissed in September 2025, while additional workers had already been laid off earlier during the winding-up process. ProPakistani
Earlier, a Senate committee was told that the overall package for affected Utility Stores employees was worth Rs25.255 billion, with payments planned in phases and part of the funding expected through asset sales.