Why govt is shutting down utility stores across country?

The federal government has decided to shut down utility stores across the country due to financial issues, Secretary Industries & Production informed the Senate Standing Committee on Friday.

The Secretary explained that efforts are underway to reassign Utility Stores Corporation employees to other institutions.

The cabinet secretary will approve the closure plan, which will then be presented to the cabinet for final approval.

Once approved, a timeline will be established for the closure of the utility stores across the country.

The rightsizing committee has also proposed the closure of other entities, which will be approved by the cabinet, he told Senate panel.

Prior to this, Pakistan government has ‘okayed’ 5-year privatisation program. The decision was taken by the federal cabinet in a meeting held here in Islamabad,