Ministry confirms shutting down all Utility Stores in the Country

BusinessMinistry confirms shutting down all Utility Stores in the Country

ISLAMABAD, Pakistan: The Secretary Ministry for Industries and Production has confirmed the federal government’s plan to shut down all Utility Stores across the Country.

In a meeting of the Senate Standing Committee on Industry and Production held under the Chairmanship of Senator Aon Abbas, Senator Saifullah Niazi raised a question whether the government was considering shutting down Utility Stores in the Country.

Upon which, the Secretary Ministry for Industries and Production confirmed that the government was going to close all Utility Stores and added that the work was underway to transfer the employees of the Utility Stores Corporation (USC) to other institutions.Ministry confirms shutting down all Utility Stores in the Country

The Secretary told that the government wants to stop operating the non-essential business. He said that proving relief to Utility Stores eliminates the atmosphere of competition.

During the meeting, a briefing was given on the Electric Vehicle Policy by the Engineering Development Board (EDB).

According to the EDB Officials, the first-ever Car Production Plant was built in Pakistan in 1982.

Under the Auto Policy 2021-26, licenses were given to 45 Companies to manufacture electric vehicles. The maximum number of vehicles totaling 300,000 were manufactured in 2021 whereas in the year 2023-24, 10,378 hybrid vehicles were manufacture in the Country.

In the year 2023-24, 20,811 electric bikes and rickshaws will be manufactured in the Country.

The meeting was apprised that 44 Companies have been given licenses to manufacture two and three-wheeler electric vehicles.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

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