AIRLINK 157.41 Decreased By ▼ -6.97 (-4.24%)
BOP 10.37 Decreased By ▼ -0.20 (-1.89%)
CNERGY 8.32 Decreased By ▼ -0.08 (-0.95%)
CPHL 92.89 Increased By ▲ 2.93 (3.26%)
FCCL 46.73 Decreased By ▼ -0.21 (-0.45%)
FFL 14.88 Decreased By ▼ -0.36 (-2.36%)
FLYNG 26.98 Increased By ▲ 0.65 (2.47%)
HUBC 134.01 Decreased By ▼ -2.36 (-1.73%)
HUMNL 12.52 Decreased By ▼ -0.49 (-3.77%)
KEL 4.21 Decreased By ▼ -0.07 (-1.64%)
KOSM 5.39 Decreased By ▼ -0.22 (-3.92%)
MLCF 60.88 Increased By ▲ 0.09 (0.15%)
OGDC 208.52 Decreased By ▼ -6.37 (-2.96%)
PACE 5.40 Decreased By ▼ -0.14 (-2.53%)
PAEL 40.78 Decreased By ▼ -1.22 (-2.9%)
PIAHCLA 18.80 Increased By ▲ 1.06 (5.98%)
PIBTL 9.98 Decreased By ▼ -0.25 (-2.44%)
POWER 11.96 Increased By ▲ 0.06 (0.5%)
PPL 168.77 Decreased By ▼ -5.45 (-3.13%)
PRL 35.03 Decreased By ▼ -0.51 (-1.44%)
PTC 22.99 Increased By ▲ 0.05 (0.22%)
SEARL 93.10 Decreased By ▼ -1.94 (-2.04%)
SSGC 35.57 Decreased By ▼ -1.04 (-2.84%)
SYM 13.66 Decreased By ▼ -0.27 (-1.94%)
TELE 6.95 Decreased By ▼ -0.29 (-4.01%)
TPLP 10.00 Decreased By ▼ -0.27 (-2.63%)
TRG 60.67 Decreased By ▼ -0.86 (-1.4%)
WAVESAPP 9.70 Decreased By ▼ -0.62 (-6.01%)
WTL 1.30 Decreased By ▼ -0.02 (-1.52%)
YOUW 3.65 Decreased By ▼ -0.04 (-1.08%)
BR100 12,239 Decreased By -154.2 (-1.24%)
BR30 36,393 Decreased By -714.3 (-1.92%)
KSE100 114,153 Decreased By -1379.3 (-1.19%)
KSE30 35,200 Decreased By -461.3 (-1.29%)

Senator Aon Abbas, Chairman Senate Standing Committee on Industries and Production, on Friday said the government was considering shutting down all utility stores in the country, a move that may impact millions of low-income families as well as around 7,000 employees under the Utility Stores Corporation (USC).

The development comes after Senator Aon Abbas chaired a meeting of the Senate Standing Committee on Industries and Production today at Parliament House.

Utility stores witness historic surge in sales

“When the secretary [ Secretary for Ministry of Industries and Production] was asked if the government was planning to shut down the utility stores, he confirmed that the government was moving towards closing utility stores,” Aon Abbas said while speaking to media after the meeting.

“When I further asked about the employees of the utility stories, they [govt] do not have any plan.

“Around 7,000 of employees will be rendered out of jobs and the secretary couldn’t answer if the government would give them golden handshake or provide them jobs in some other departments,” Abbas said.

“This incompetent government can give nothing but unemployment.”

A source in the Ministry of Industries and Production told Business Recorder that the decision to close all utility stores in the country was taken in a meeting on “rightsizing”, which was chaired by Prime Minister Shehbaz Sharif on August 16, 2024.

PM Shehbaz visits utility stores to review Ramazan package

The government plans to wind up the USC and explore an alternate arrangement including cash transfer to the recipients, according to the source.

Comments

Comments are closed.

A. Chak Aug 23, 2024 11:30pm
Good move. Theses stores are cesspools of corruption. Best to give the poor vouchers to use in a store of their choice. That is how they do it in the US.
thumb_up Recommended (0)
IMTIAZ CASSUM AGBOATWALA Aug 24, 2024 01:41am
It is because of incompetency of the government that utility stores are being closed. don't blame the employees.
thumb_up Recommended (0)
Re=== Aug 24, 2024 04:01am
@A. Chak, Bro they are closing the stores as there is no money to run the govt. How will they give vouchers where does the money come from
thumb_up Recommended (0)