Federal Government Considers Shutting Down Utility Stores Across Pakistan
The federal government is weighing a significant policy change that could impact low-income families across the country. Plans are underway to shut down utility stores, which offer essential items at subsidized rates. This move is part of a broader rightsizing initiative aimed at financial restructuring.
Key Developments:
- Announcement: Secretary of Industry and Production confirmed the government’s consideration of shutting down utility stores in a recent Senate standing committee meeting. This plan included in the rightsizing initiative, which seeks to streamline government operations and reduce costs.
- Next Steps: The decisions from the Rightsizing Committee will forwarded to the federal cabinet for approval. The Secretary indicated that the Ministry of Industry and Production will draft an action plan for the closure of utility stores. This plan will also include a package to support employees affected by the shutdown.
- Privatization Push: The closure of utility stores part of a broader privatization strategy aimed at addressing the country’s financial difficulties. The government is exploring various measures to stabilize its economic position, and rightsizing is a critical component of this approach.
- Statements from Officials: Utility Stores General Manager Inayatullah Dula confirmed that the government is actively contemplating the shutdown under the rightsizing initiative. He noted that a formal plan will developed to outline the specifics of the closure process.
Impact on Low-Income Families:
Utility stores play a crucial role in providing affordable essential items to low-income families. The potential shutdown of these stores raises concerns about how families will access subsidized goods and the broader implications for social welfare.
What’s Next:
As the government prepares to finalize its decision, stakeholders and the public await further details. The action plan and employee support package will be pivotal in determining the next steps and mitigating the impact of the proposed closures.
