fbpx
Thursday, November 21, 2024

Government Plans to Close Utility Stores Nationwide

-

The federal government has decided to shut down utility stores across Pakistan due to financial constraints, according to Saif Anjum, Secretary of the Ministry of Industry and Production.

Anjum informed the Senate Standing Committee about the decision, which comes as part of a broader plan to cut expenses.

The proposal, drafted by the rightsizing committee, suggests closing utility stores and other entities to address budget shortfalls.

With the government struggling financially, the closure plan will be reviewed by the cabinet secretary before being presented to the full cabinet for approval.

A timeline for the shutdown will be set once the plan is approved.

The decision is part of a larger five-year privatization program, which includes the privatization of several state-owned entities like Pakistan International Airlines (PIA) and various electricity supply companies. The program aims to reduce financial strain and streamline government operations.


LATEST POSTS

Crypto Guru Waqar Zaka Turns $1,000 into $40,000 in Two Hours

Pakistani cryptocurrency expert Waqar Zaka has stunned his followers by transforming a $1,000 investment into $40,000 in just two...

Pakistan Gemstones Hub – Millions in Export Yet, No Industry Status

Despite exporting millions of dollars worth of gemstones annually, Pakistan's gemstone sector remains without formal industry status. Experts highlight...

Winter Brings Price Hike in Dry Fruits in Quetta

As the winter chill settles in across Quetta, dry fruits, known for their health benefits during the colder months,...

Most Popular