Utility stores achieved record sales, surpassing Rs. 137 billion in 2023

Utility stores in Pakistan have experienced a notable uptick in sales, primarily attributed to government subsidies on essential goods. During the fiscal year 2022-23, these stores reported sales of Rs. 137.15 billion for non-subsidized items and Rs. 151 billion for subsidized items, yielding a net profit of Rs. 764 million.

The substantial increase in sales is attributed to subsidies on critical commodities such as flour, sugar, ghee, pulses, and rice. Over the past three years, the Utility Stores Corporation has consistently posted profits, achieving sales figures of Rs. 112.32 billion in 2022-2021, Rs. 120.24 billion in 2021-2020, and Rs. 53.32 billion in 2020-2019.

It is noteworthy that despite the impressive sales growth, an outlet in Shikarpur City, Sindh, faced allegations last year of selling expired and substandard ghee. A citizen lodged a petition, citing a report by the Pakistan Accounts Committee that verified the purchase of substandard ghee by the said outlet.

This development underscores the significant influence of government subsidies on utility store sales, underscoring their crucial role in ensuring the affordability of essential items for the public.

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