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Articles for tag: announces, Closure, company, Corporation, Govt, stores, utility

August 31, 2025

News Desk

Govt announces the closure of Utility Stores Corporation company

People stand in a tail outside a state utility store to buy groceries. – AFP/file The minister says the consensus has reached the provision of RS28BN package. Lauds USC role in providing goods in grants. “Pakistan’s economy showing signs of improvement.” Islamabad: Federal Minister of Parliamentary Affairs Dr. Tariq Fazal Chaudhary announced the closure of the Utility Stores Corporation (USC) throughout the country. Addressing a press conference alongside USC CEO Shabbir Khattak and USC National Welfare Secretary General Raja Muhammad Miskeen, the minister assured that the rights of all USC employees – permanent, conventional and daily doors Sharif. He said

August 28, 2025

News Desk

The ECC OKASS RS30.2BN GRANT for the closure of Utility Stores Corporation stores

A long tail of people sees outside of a public utility shop in an unused image. – Apply/file The closing process to be transparent, organized, says ECC. Assets to be sold within the current financial year. Closing costs covered by asset sales. ISLAMABAD: The Economic Coordination Committee (ECC) approved on Thursday a package of RS30,216 billion for the closure of the Utility Stores Corporation, with instructions to ensure that the process is done in a transparent and organized way. The summary, presented by the Ministry of Industries and Production, described measures for the well -being of workers and the settlement

July 2, 2025

News Desk

Govt set to close utility stores by July 10

A long tail of people sees outside of a public utility shop in an unused image. – Apply/file Utilities to stop work until July 2 (today). The VSS package approved by PM applies to the affected employees. Zonal, regional administrators to oversee the finish process. Islamabad: The Federal Government is going to close the Public Retail Sector, Utility Stores Corporation (USC) by July 10, The news reported on Wednesday. With a large number of employees who may be affected by the movement, the Voluntary Separation Package (VSS) approved by Prime Minister Shehbaz Sharif will be applied to all affected employees.

May 27, 2025

News Desk

Ross Stores Managing Director makes a gloomy prediction amid Trump China prices

The Ross dress for fewer struggles with a serious challenge, as the first quarter profits for 2025 reveal stagnant sales and a reduction in net income. The discount retailer, facing a shrinking customer base, is thinking of significant adjustments that could affect buyers in the near future. For the first quarter, ROSS stores reported flat comparable sales compared to the same period last year and net income of $ 479 million, which marked nearly 2% declining the previous year. This fall comes amid a steady decline in customer visits, with Placer.Ai data, which decreases by 2.7% annually to visits per

May 21, 2025

News Desk

Learn full list of stores to close by May 25

Listen to the article JCPenney is set to close seven more stores in the United States on Sunday, May 25, continuing the long and complex retailer of the retailer after years of financial struggles. The latest closures affect the locations of scattered throughout the country, including shopping centers in San Bruno, California. Denver, Colorado. Pocatello, Aidaho. Topeka, Kansas. Newington, New Hampshire. Asheville, North Carolina. and Charleston, western Virginia. This closing round is part of the subsequent deposit of the bankruptcy of JCPenney Chapter 11 in May 2020, a crucial moment that came after years of sales decline, changing consumer habits

March 22, 2025

News Desk

Thousands in Lost Jobs Due to the closure of 1,700 utility stores

A long tail of people sees outside of a public utility shop in an unused image. – Apply/file Utility Stores Corporation employs more than 11,000 employees. 5,000 regular employees to be transported to PO surplusol. 6,000 contracts, daily salary workers not to receive a retirement. ISLAMABAD: Thousands of employees are going to lose their jobs due to the move of Utility Stores Corporation (USC) to close 1,700 stores in the context of the privatization government of traffic, The news reported on Saturday. The state chain, competing with RS14 billion in obligations, employs more than 11,000 workers, most of whom are

December 24, 2024

News Desk

Starbucks strike expands to more than 300 US stores

A walkout involving Starbucks workers has spread to more than 300 stores across the United States, with more than 5,000 workers walking off the job, according to the Starbucks Workers United union. The strike, which began on Friday, is due to end on Tuesday and coincides with the busy holiday season. The strike has affected more than 60 stores in 12 major cities, including New York, Los Angeles, Boston and Seattle. Starbucks Workers United, which represents employees at 525 stores nationwide, cited unresolved issues related to wages, staffing and scheduling as the main reasons for the strike. The union is

August 23, 2024

News Desk

Millions at risk as government plans to close convenience stores across country

PAKISTAN: The federal government is moving to close convenience stores across the country, a move expected to severely affect millions of low-income families who have long relied on discount staples. This follows the government’s decision to stop a subsidy of Rs 50 billion, which in the past provided significant relief to about 26 million deserving households. During a recent meeting of the Senate Standing Committee on Industry and Production, the Industry Secretary confirmed that the government is considering closing convenience stores as part of a right-sizing initiative. Driven by financial constraints, the plan aims to redirect funds originally earmarked to

June 26, 2024

News Desk

Russia bans distribution of EU news networks in retaliation

MOSCOW: Russia announced on Tuesday that it was banning access inside Russia to the broadcasts of 81 different media outlets from the European Union, including Agence France-Presse and Politico, in retaliation for a similar EU ban on several Russian media outlets. The European Union said in May it had suspended the distribution of four “Kremlin-linked propaganda networks”, stripping them of their broadcasting rights in the bloc. He said at the time that the ban applied to the Voice of Europe, the RIA news agency and the newspapers Izvestia and Rossiyskaya Gazeta. The Russian Foreign Ministry hit back on Tuesday, publishing

March 30, 2024

News Desk

FBR put tax net on jewellers, medical shops, grocery stores

A salesman uses a calculator at his store in Karachi in this unidentified image. — Reuters/File Registration will begin in six cities with the last date being April 30. Design for use in grocery stores, jewelry stores, butcher shops, and more. Merchants will face financial penalties for failing to register. ISLAMABAD: The Federal Board of Revenue (FBR) is set to start registration of traders for the Tajir Dost Scheme in its bid to bring five major categories of traders into the tax net, The news reported on Saturday. FBR’s program will focus on wholesalers, dealers, retailers, furniture and decoration showrooms,

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