555 Utility Stores
The Government of Pakistan has approved a special financial relief package for employees of 555 Utility Stores Corporation (USC), bringing much-needed support to workers affected by recent changes. The decision was made under the direct guidance of Prime Minister Shehbaz Sharif and reflects the government’s commitment to labor welfare and economic protection for workers.
Background of the Decision
Utility Stores employees have been facing uncertainty due to ongoing restructuring and operational challenges. In response, the Prime Minister instructed relevant authorities to ensure that affected workers are treated fairly and provided with adequate financial support. This led to high-level discussions between the government, 555 Utility Stores Corporation, and labor representatives.
Key Meeting and Agreement
Prime Minister’s Special Assistant Haroon Akhtar met with Utility Stores employees and officials, where a formal agreement was successfully finalized. The agreement was signed between the Utility Stores Corporation and the National Workers Union, ensuring that employee concerns were officially addressed through a documented settlement.
Details of the Financial Package
Under the approved agreement, affected employees will receive a separation and compensation package designed to provide financial stability during their transition period.
Payment Structure
The total compensation will be paid in three phases:
- First installment: 40% of the total amount
- Second installment: 30%
- Final installment: 30%
This phased payment system has been introduced to ensure smooth and timely disbursement without delays.
Start of Payments to Employees
Following the signing of the agreement, the distribution of cheques to eligible employees has already begun. This immediate action has been welcomed by workers, as it demonstrates the government’s seriousness in implementing the package without unnecessary delays.
Government’s Financial Support
Haroon Akhtar confirmed that the government will provide full financial assistance to ensure all payments are completed on time. Authorities have been directed to closely monitor the process so that employees receive their dues as promised.
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Prime Minister’s Vision for Workers’ Welfare
According to Haroon Akhtar, this initiative aligns with Prime Minister Shehbaz Sharif’s vision of:
- Protecting labor rights
- Supporting workers during difficult economic periods
- Promoting fair treatment and dignity for employees
The government has reiterated its commitment to prioritizing the welfare of hardworking citizens.
Response from Employees and Unions
The decision has been positively received by Utility Stores employees and labor unions. Many have described the package as a responsible and much-needed step, offering financial relief and restoring confidence in government institutions.
Conclusion
The approval of this special financial package marks a significant step toward supporting Utility Stores employees during a challenging phase. With a clear payment plan, government backing, and ongoing oversight, the initiative aims to provide relief, stability, and fairness to affected workers reinforcing the government’s broader commitment to labor welfare across Pakistan.