Secretary of Industries and Production confirms closure of utility stores due to financial difficulties

In the Standing Committee on Industries and Production, Secretary Industries and Production confirmed the closure of utility stores in the country.

In the meeting of Senate Standing Committee on Ministry of Industry and Production, Secretary Industry and Production said that the federal government is thinking of closing utility stores under right sizing, the decisions of the right sizing committee will be sent to the cabinet.

Secretary Industries said that the Ministry of Industries and Production will give an action plan for the implementation of the utility stores, the package for the employees is being worked on, the government is privatizing due to financial difficulties.

Officials also gave a briefing on the auto policy in the Senate Standing Committee.

Officials of the Ministry of Industry and Production said that the needs of warehousing are increasing in the country, the summary for declaring warehousing as an industry is under consideration by the federal cabinet, while the economic coordination committee of the cabinet has approved the status of warehousing as an industry. has given The Committee fully supports the Warehousing Policy.

Officials said that less than 1 million cars are manufactured annually in Pakistan, 45 licenses were issued to manufacture motorcycles and rickshaws in electric vehicles, currently 13 brands of vehicles are operating in the country, 5 million cars are manufactured in the country. 300 billion rupees tax was collected from the sale of cars last financial year.

Senator Salim Mandviwala said that the export of Toyota vehicles in Sri Lanka was due to the government’s loan, the quality of vehicles made in Pakistan is not good and therefore cannot be exported. Officials said that tractors and rickshaws are being recovered.

Chairman Committee Senator Aoun Abbas Bipi asked whether there was under-invoicing in the import of MG vehicles? Salim Mandviwala said that this matter has been resolved by the court. Officials said that the export target of 4 percent of vehicles was not achieved this year, the companies did not get export orders and got a stay from the court. No concessions were given.

Talking to Express News, General Manager Utility Stores Inayatullah Dullah said that the government is considering the closure of utility stores, the government will close utility stores under right sizing and a regular plan will be prepared in this regard.

The general manager said that the decision regarding the utility stores employees will be made under the plan, the Right Sizing Committee will make recommendations to the government on the issue of utility stores.