ISLAMABAD: Under the direction of Finance Minister Muhammad Aurangzeb, the Federal Cabinet Committee on State-Owned Enterprises has approved several important steps meant to enhance the functioning of state institutions including the elimination of over 1200 jobs in Pakistan Television (PTV).
According to the reports, the committee has approved Pakistan Television’s (PTV) digital expansion and the removal of 1,232 unnecessary jobs from the national broadcaster.
The committee adopted important measures to improve the efficiency and profitability of public sector businesses during the meeting.
Abdul Razak Gohar was named the new chairman of the Karachi Tools, Dies, and Mould Center board, which was one of the decisions made.
In addition, Mohammad Nooruddin Dawood was appointed chairman of the newly reorganized board of the Technology Upgradation and Skills Development Company (TUSDEC).
The committee also examined the Pakistan Broadcasting Corporation’s (PBC) business strategies and established a goal to eradicate the company’s financial deficit in the upcoming two years.
The committee supported PTV’s digital development and the search for lucrative partnerships as part of its efforts to streamline its operations.
The approval of the Ministry of Information’s sale of underutilized assets to the private sector, with a focus on the prompt execution of projects and institutional reforms, was another important move.
Apart from that, the federal cabinet has approved a rightsizing for the Ministry of Housing and Construction, which includes the closure of several subsidiaries and the restructuring of key departments. The cabinet decided to shut down the National Construction Company (NCL), a subsidiary of the ministry, ceasing all new projects under its operations.
