Finance Minister Reviews Progress on PASSCO, USC Closure

Finance Minister Muhammad Aurangzeb chaired a meeting to assess the closure progress of Pakistan Agricultural Storage and Services Corporation (PASSCO) and Utility Stores Corporation (USC). Significant strides have been made in employee payments, vendor liability settlements, and stock disposal, with audit and verification mechanisms in place. The Minister stressed close coordination with provincial authorities to ensure timely completion and transparency, while managing ongoing litigation and asset disposal. This administrative progress on state-owned enterprise reform has a minimal direct impact on gold or currency rates in Pakistan.

بحوالہ / Source: www.brecorder.com