USC earns Rs 35 billion profit: NA told
Parliamentary Secretary for Industries and Production Rao Ajmal on Friday informed the National Assembly that Utility Store Corporation (USC) network consisted of some 5,600 outlets across the country and earned Rs.35 billion profit.
Responding to a Calling Attention Notice raised by Abdul Sattar Bachani and others regarding non-provision of subsidy on the essential commodities at the utility stores, he conceded that no subsidy was being provided on essential commodities in USC.
However, he said that prices of various items at USC were less than open market. Subsidy was being provided on sugar at USC but it was discontinued on April 15, 2015, he said. He claimed that USC was a big institution of South Asia with 14000 employees.
Ajmal also called for provision of subsidies on essential items including flour, sugar, edible oil besides opening more USC.