The Federal Cabinet Committee on State-Owned Enterprises, led by Finance Minister Mohammad Aurangzeb, has approved key reforms to improve the performance of state-owned institutions.
Pakistan Television (PTV) will undergo a digital transformation as part of its restructuring. This process includes reducing the workforce by 1,232 redundant positions.
The committee has also restructured the boards of Karachi Tools, Dies, and Mould Centre, as well as the Technology Upgradation and Skills Development Company (TUSDEC). New leadership has been appointed to these organizations to help improve their efficiency.
Additionally, steps have been taken to address the financial challenges of the Pakistan Broadcasting Corporation (PBC). The goal is to eliminate its financial deficit within the next two years. Unused assets will also be sold to generate funds and improve overall performance.
These measures aim to make state-owned enterprises more profitable and efficient, reducing their financial burden on the government.
By streamlining operations, introducing digital upgrades, and ensuring effective management, the government hopes to enhance the quality of services provided by these organizations.
The reforms reflect a commitment to modernizing state institutions and making them more competitive in today’s economic environment.
