A Zonal Manager Conference and an Executive Board Meeting was at USC Head Office on 28th and 29th of January, 2011 in Islamabad presided over by Managing Director of USC Arif Khan to take an overview of 6 months performance of Utility Stores Corporation of Pakistan.
All Zonal Managers of Utility Stores Corporation of Pakistan were invited to attend this meeting. Afterwards a report was presented before Executive Board on 31st January and 01st February, 2011 according to details. Overall performance of the corporation during last six months remained satisfactory. Issues related to annual sale, profit, taxes, number of stores, sale per store, new super markets, mini market and rural stores were discussed in the meeting, and six month's performance was compared in terms of last one year overall performance of the corporation.
Six months sale of the corporation which stood at Rs 26.449 billion from July to December 2009 increases to Rs 35.27 billion. Similarly, the profit which stood at Rs 280.60 million touched the figure of Rs 450.21 million in December 2010; and the taxes submitted in government treasure were Rs 2.31 million have now reached to Rs 2.61 million.
Percentage of shortages has further come down to 1.34% from 1.72%. Currently USC has 11982 employees, likewise the sale per employee has increased to 2.9 million from 2.1 million. Now the numbers of stores have been extended upto 6000 from 5700, and per store sale is Rs 6.2 million now. Mini and super market stands at the future of 111 from only 10 last year.
Number of rural stores was 3100 established during July to December 2009, which has now gone upto 3800, which is living example of success of the corporation. Appreciating the performance of USC, the Managing Director extended the sale target of Rs 60 billion to Rs 70 billion and emphasised the need to work hard to meet the challenge; and took special note of commendable efforts done by Zonal Manager Lahore, Zonal Manager Sargodha and Zonal Manager Karachi on being 1st, 2nd and 3rd number for opening super markets.-PR