Mass Layoffs Ripple as Pakistan Accelerates Utility Stores Privatization
Pakistan's government has initiated the privatization of its Utility Stores Corporation, resulting in over 2,800 contract employee layoffs and the closure of nearly half of its retail outlets. This move, part of IMF-backed reforms to counter fiscal deficits, means low-income families, who rely on these stores for subsidized goods, are unjustly affected. Despite financial challenges, allocated funds remain undistributed and audits are pending, causing substantial public concern and worker protests nationwide.
May 5