Restructuring plan: PTV to cut over 1,200 jobs

The Federal Cabinet Committee on State-Owned Enterprises, chaired by Finance Minister Mohammad Aurangzeb, has approved a series of important measures aimed at improving the performance of state institutions.

Among the key decisions, the committee approved the digital expansion of Pakistan Television (PTV) and the elimination of 1,232 redundant positions within the state broadcaster. This move is part of a broader strategy to enhance efficiency and reduce unnecessary costs at PTV.

The committee also approved the restructuring of the board for the Karachi Tools, Dies, and Mould Centre, appointing Abdul Razak Gohar as the new chairman.

In addition, the Technology Upgradation and Skills Development Company (TUSDEC) saw its board reconstituted, with Mohammad Nooruddin Dawood named as chairman.

As part of efforts to improve the financial standing of public sector enterprises, the committee reviewed the business plans of the Pakistan Broadcasting Corporation (PBC) and set a target to eliminate its financial deficit within the next two years.

The committee’s focus on PTV also included endorsing the broadcaster’s digital expansion and exploring potential profitable partnerships to boost its revenue.