He said that the Economic Coordination Committee (ECC) of the cabinet had also set up an Executive Body, to be chaired by the Federal Minister for Railways, Sheikh Rashid Ahmed to monitor USC operations to put it on track.
He said that USC top management would be giving briefing to the committee on daily basis about the progress to make sure that every store had sufficient stuff available.
The Chairman said that there was dire need to help the organization to stand on its own feet and meet its operational expenditures at its own, adding that he had submitted a business plan to the government, and if implemented, the USC would be put back on trace within eight to ten months.
He said that currently, the USC was having less than one percent share in consumer market of Pakistan, and if enhanced up to 10 percent, it would help take its sales up to around $7.5 billion.
He said that if international stores working in Pakistan were successful, why not USC.
USCS felt that its best option was the huge Starrett-Lehigh Building, which has floor plates of 150,000 SF -- among the largest in the city -- and a private enclosed parking garage.
"But our nation's need to get USCS up and running was critical.
According to Yaffa, "As a result of our negotiations, the landlord will invest millions of dollars in building security upgrades that will benefit USCS and the many other tenants in this building.