Utility Stores nationwide announce reduction in prices

ISLAMABAD: The Utility Stores Corporation has announced a significant reduction in prices of more than 800 essential items across the country.

The administration confirmed that prices have been slashed by Rs 8 to Rs 200 on various products, with immediate implementation of these reductions.

According to the Utility Stores Corporation, a 10 per cent price reduction has been applied to the prices of essential goods including ghee, oil, tea, detergent, noodles, ketchup, and tetra pack milk.

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Additionally, prices of dry milk, spices, pickles, soap, and toothpaste have also been reduced by 10 per cent at the Utility Stores.

The administration further stated that subsidies under the Benazir Income Support Programme (BISP) at Utility Stores will soon be reinstated through a new mechanism.

The corporation also hinted at further price reductions on other items in the near future.

GOVERNMENT REVERSES DECISION TO CLOSE DOWN UTILITY STORES

The government has reversed its decision to shut down the Utility Stores Corporation, according to an announcement made by the Minister for Industries and Production, Rana Tanveer Hussain, on Monday. He clarified that there are no plans under consideration to abolish the state-owned chain of retail outlets.

Various options for restructuring the Utility Stores Corporation are currently being explored. He added that to enhance transparency, a new subsidy mechanism is being developed.