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 measures to improve the profitability and efficiency of public sector undertakings. Among the decisions was the restructuring of the board of directors of the Karachi Tool, Die and Mold Centre, with Abdul Razak Gohar appointed as the new chairman.
Additionally, the board of directors of the Technology Upgrading and Skill Development Company (TUSDEC) was reconstituted and Mohammad Nooruddin Dawood was appointed as its chairman.
The committee also reviewed the business plans of Pakistan Broadcasting Corporation (PBC) and set a target of eliminating its financial deficit in the next two years.
In line with efforts to streamline PTV’s operations, the committee supported the broadcaster’s digital expansion and pursuit of profitable partnerships.
Another important decision was the approval of the sale of unused assets by the Ministry of Information to the private sector, with a strong emphasis on the immediate implementation of reforms and institutional projects.
