Federal Cabinet Approves Major Reforms for State-Owned Enterprises, PTV’s Digital Expansion Underway

The Federal Cabinet Committee on State-Owned Enterprises, under the leadership of Finance Minister Mohammad Aurangzeb, has given the green light to a series of critical measures aimed at revitalizing state institutions and improving their financial performance.

PTV’s Digital Expansion and Workforce Restructuring

A major highlight of the meeting was the approval of Pakistan Television’s (PTV) digital expansion strategy. This move is set to modernize the state broadcaster, aligning it with contemporary media trends to enhance viewership and revenue generation. Additionally, in a bid to streamline operations, the committee approved the elimination of 1,232 redundant positions within PTV, marking a significant step toward efficiency and sustainability.

Board Restructuring for Key Enterprises

The committee also restructured the leadership of several state-owned enterprises to improve governance and operational effectiveness:

• Abdul Razak Gohar was appointed as the new chairman of the Karachi Tools, Dies, and Mould Centre (KTDMC).
• Mohammad Nooruddin Dawood was named chairman of the Technology Upgradation and Skills Development Company (TUSDEC).

These changes are expected to bring fresh leadership and direction to these critical industrial and skills development organizations.

Financial Targets for Pakistan Broadcasting Corporation (PBC)

A comprehensive review of the Pakistan Broadcasting Corporation (PBC) business plan was conducted, with the committee setting a target to eliminate its financial deficit within the next two years. This strategic move underscores the government’s commitment to making state-run media entities financially self-sustaining.

Asset Sale and Institutional Reforms

In another key decision, the committee approved the sale of unused assets owned by the Ministry of Information to the private sector. This measure aims to unlock value from dormant resources while facilitating much-needed institutional reforms and development projects. The government has directed swift execution of these reforms to maximize their impact.

With these sweeping changes, the federal government is taking decisive steps toward transforming state-owned enterprises into more efficient, profitable, and modernized institutions. The digital expansion of PTV, financial restructuring of PBC, and new leadership in key enterprises signal a focused approach to improving governance and sustainability across public sector organizations.