The Federal Cabinet Committee on Public Enterprises, chaired by Finance Minister Mohammad Aurangzeb, has approved several crucial measures aimed at improving the performance of public institutions.
These include the digital expansion of Pakistan Television (PTV) and the removal of 1,232 redundant positions at the state-owned broadcaster, Express News reported.
During the meeting, the committee approved key measures to improve the profitability and efficiency of public sector enterprises. Among the decisions was the restructuring of the board of directors of the Karachi Tools, Dies, and Mold Centre, with Abdul Razak Gohar appointed as the new chairman.
Additionally, the board of directors of the Technology Upgradation and Skills Development Company (TUSDEC) has been reconstituted, with Mohammad Nooruddin Dawood appointed as chairman.
The committee also reviewed the business plans of the Pakistan Broadcasting Corporation (PBC) and set a target to eliminate its financial deficit in the next two years.
In line with efforts to streamline PTV’s operations, the committee approved the broadcaster’s digital expansion and pursuit of profitable partnerships.
Another important decision was the approval of the sale of idle assets by the Ministry of Information to the private sector, with a strong emphasis on the immediate implementation of institutional reforms and projects.
