PTV to cut over 1,200 jobs as part of restructuring, digital expansion plan

Federal cabinet committee approves measures to improve profitability and efficiency of state-owned enterprises.

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The Federal Cabinet Committee on State-Owned Enterprises, under the chairmanship of Finance Minister Mohammad Aurangzeb, has approved several crucial measures aimed at improving the performance of state institutions.

These include the digital expansion of Pakistan Television (PTV) and the elimination of 1,232 redundant positions within the state broadcaster, Express News reported.

During the meeting, the committee approved key steps to enhance the profitability and efficiency of public sector enterprises. Among the decisions was the restructuring of the board for the Karachi Tools, Dies, and Mould Centre, with Abdul Razak Gohar appointed as the new chairman.

Additionally, the Technology Upgradation and Skills Development Company (TUSDEC) board was reconstituted, with Mohammad Nooruddin Dawood named chairman.

The committee also reviewed the business plans of Pakistan Broadcasting Corporation (PBC) and set a target to eliminate its financial deficit within the next two years.

In line with efforts to streamline PTV’s operations, the committee endorsed the digital expansion of the broadcaster and the pursuit of profitable partnerships.

Another significant decision was the approval for the sale of unused assets by the Ministry of Information to the private sector, with a strong emphasis on immediate implementation of institutional reforms and projects.