Govt announces 23% job cuts at PTV

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.

The committee approved significant measures, such as the digital expansion of Pakistan Television (PTV) and the elimination of 1,232 redundant positions within the state broadcaster, aimed at enhancing profitability and reducing costs.

In addition, the committee endorsed a restructuring plan for the Karachi Tools, Dies, and Mould Centre, with Abdul Razak Gohar appointed as the new chairman. The Technology Upgradation and Skills Development Company (TUSDEC) also underwent changes, with Mohammad Nooruddin Dawood named as its new chairman.

The committee reviewed business plans for the Pakistan Broadcasting Corporation (PBC) and set a target to eliminate its financial deficit within the next two years. Emphasis was placed on streamlining PTV’s operations, expanding its digital presence, and seeking profitable partnerships to increase revenue.

Furthermore, the Ministry of Information received approval to sell unused assets to the private sector, with the immediate implementation of institutional reforms and projects given priority. These initiatives aim to improve the financial health and operational efficiency of state-owned enterprises, ultimately strengthening Pakistan’s public sector and reducing financial strain.