No plans to shut down Utility Stores Corporation: Rana Tanveer

MG News | September 03, 2024 at 12:00 PM GMT+05:00

0:00

September 03, 2024 (MLN): The government is exploring various options for restructuring the Utility Stores Corporation (USC) and has assured that there are no plans to shut it down.

Minister for industries and production Rana Tanveer Hussain, while talking to a delegation of the Utility Stores Corporation confirmed that there are no plans under consideration to shut down the USC.

According to a press release issued, he said that various options for the restructuring of the Utility Stores Corporation are being explored.

He said to enhance transparency; a new subsidy mechanism is being developed.

The minister emphasized that no unilateral action will be taken by the government to close down the Utility Stores Corporation.

He said all decisions will be made with the consultation of employees and all stakeholders and the interests of all government employees will be protected

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	184,129.58 798.69M	-1.97% -3702.50
ALLSHR	110,763.73 1,266.28M	-1.85% -2087.96
KSE30	56,278.51 173.32M	-2.19% -1261.46
KMI30	259,907.89 102.57M	-2.03% -5380.16
KMIALLSHR	71,198.64 822.49M	-1.72% -1247.03
BKTi	53,693.69 102.25M	-2.59% -1425.61
OGTi	37,589.24 28.20M	-2.72% -1052.27

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	70,580.00	71,690.00 60,005.00	6785.00 10.64%
BRENT CRUDE	68.10	68.83 66.56	0.55 0.81%
RICHARDS BAY COAL MONTHLY	96.00	96.00 96.00	1.50 1.59%
ROTTERDAM COAL MONTHLY	102.75	103.25 101.30	2.25 2.24%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	63.50	64.58 62.20	0.21 0.33%
SUGAR #11 WORLD	14.14	14.30 14.07	-0.13 -0.91%