ISLAMABAD: The government has reversed its decision to shut down the Utility Stores Corporation, according to an announcement made by the Minister for Industries and Production, Rana Tanveer Hussain, on Monday. He clarified that there are no plans under consideration to abolish the state-owned chain of retail outlets. Rana Tanveer made the statement during … Read more
KARACHI: Economist Kaiser Bengali has urged the government to prioritize reducing the fiscal deficit, suggesting that shutting down inefficient institutions could lead to savings of PKR 30 billion. Speaking at a press conference in Karachi, Bengali also announced his resignation from the High-Powered Committee for Rightsizing, expressing concerns that the restructuring burden is unfairly falling … Read more
A long queue of people is seen outside a utility store in an undated picture. — APP/File “Govt wants to get out from unnecessary businesses.” Rs50 billion subsidy at utility stores already halted: USC. Workers alliance vows to resist utility stores closure. In a bid to reduce expenses, the federal government is considering to shut … Read more
ISLAMABAD: The federal government is exploring various strategies to lower electricity tariffs, acknowledging the severe financial challenges facing the power sector. Among the proposals under consideration is the closure of domestic Independent Power Producers (IPPs) in both the public and private sectors. Sources indicate that the government is actively working on multiple approaches to rationalize … Read more