• About
  • Advertise
  • Privacy & Policy
  • Contact
  • Home
  • World
  • Diplomatic
  • Sports
    • Cricket
  • National
  • Business
  • Crime & Justice
  • Entertainment
  • Lifestyle
  • Environment
    • CPEC
No Result
View All Result
  • Home
  • World
  • Diplomatic
  • Sports
    • Cricket
  • National
  • Business
  • Crime & Justice
  • Entertainment
  • Lifestyle
  • Environment
    • CPEC
No Result
View All Result
No Result
View All Result
Home Business

Govt orders closure of Utility Stores, Rs19.5bn payout for employees

by Sub News
August 31, 2025
Govt orders closure of Utility Stores, Rs19.5bn payout for employees
Share on WhatAppShare on XShare on Facebook

Islamabad, August 31, 2025: The federal government on Sunday ordered the shutdown of all Utility Stores Corporation (USC) outlets across the country, citing unsustainable losses.

Federal Minister Tariq Fazal Chaudhry said Prime Minister Shehbaz Sharif had approved a Rs19.5 billion compensation package for the USC’s 11,614 employees. He added that the corporation’s nationwide assets would also be auctioned.

The minister noted that a Rs28 billion package had been set aside for different categories of staff, including Rs13.18 billion for regular employees, Rs3.6 billion for contractual staff, and Rs2 billion for daily wagers.

“USC has been incurring losses of nearly Rs600 million every month. Despite efforts, it was no longer viable to keep the organisation running,” Chaudhry said.

Tags: CompensationDr. Tariq Fazal ChFederal Governmentfederal ministerIslamabadPakistanShehbaz SharifUSCUtility Stores Corporation
Previous Post

Hesson dedicates Pakistan’s back-to-back wins to flood victims

Next Post

SCO leaders condemn terror attacks, vow stronger joint fight against extremism

Related Posts

Petrol pump owners call off nationwide strike after government assurances
Business

Petrol pump owners call off nationwide strike after government assurances

Islamabad, July 22, 2026: The All Pakistan Petrol Pumps Owners Association (APPPOA) on Wednesday called off its planned nationwide strike...

by Sub News
July 22, 2026
Farewell to Azerbaijani envoy: Gilani lauds role in strengthening Pakistan-Azerbaijan ties
Diplomatic

Farewell to Azerbaijani envoy: Gilani lauds role in strengthening Pakistan-Azerbaijan ties

Islamabad, July 22, 2026: Chairman Senate Syed Yousaf Raza Gilani on Wednesday bid farewell to Azerbaijan's Ambassador to Pakistan, Khazar...

by Sub News
July 22, 2026
ICCI secures PEMRA FM radio licence to promote business, investment
Business

ICCI secures PEMRA FM radio licence to promote business, investment

Islamabad, July 22, 2026: The Islamabad Chamber of Commerce and Industry (ICCI) has been granted an FM Radio licence by...

by Sub News
July 22, 2026
NAB holds orientation session for Islamabad judiciary on money laundering investigations
Crime & Justice

NAB holds orientation session for Islamabad judiciary on money laundering investigations

Islamabad, July 22, 2026: The Pakistan Anti-Corruption Academy (PACA), operating under the National Accountability Bureau (NAB), organised its fourth one-day...

by Sub News
July 22, 2026
Next Post
SCO leaders condemn terror attacks, vow stronger joint fight against extremism

SCO leaders condemn terror attacks, vow stronger joint fight against extremism

Breaking News

  • Iran warns of regional retaliation as Trump threatens strikes over Hormuz attacks
  • Babar Azam rises to sixth in latest ICC ODI batting rankings
  • Spain-Argentina World Cup final draws record 63 million US viewers
  • The DP World ILT20 has created a pathway for UAE cricketers: Muhammad Rohid
  • Petrol pump owners call off nationwide strike after government assurances
Sub News

© 2026 subnewsenglish.com

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • World
  • Diplomatic
  • Sports
    • Cricket
  • National
  • Business
  • Crime & Justice
  • Entertainment
  • Lifestyle
  • Environment
    • CPEC

© 2026 subnewsenglish.com

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.