PTV removed from list of entities proposed for privatisation

Published January 21, 2021
The Cabinet Com­mittee on State-Owned Enterprises (SOEs) on Wednesday decided to remove Pakistan Television Corporation (PTVC) from the list of the SOEs whose privatisation has been proposed.  — PTV website/File
The Cabinet Com­mittee on State-Owned Enterprises (SOEs) on Wednesday decided to remove Pakistan Television Corporation (PTVC) from the list of the SOEs whose privatisation has been proposed. — PTV website/File

ISLAMABAD: The Cabinet Com­mittee on State-Owned Enterprises (SOEs) on Wednesday decided to remove Pakistan Television Corporation (PTVC) from the list of the SOEs whose privatisation has been proposed.

The decision was taken at the request of the Ministry of Information and Broadcasting.

The information secretary told a meeting of the committee that PTVC was undergoing massive restructuring to make it a financially viable, professionally efficient and technically sound state-owned enterprise to amplify national narrative and formulate favourable public opinion.

Forensic audit of major loss-making state-owned enterprises to be conducted

The committee meeting, chaired by Finance Minister Abdul Hafeez Shaikh, was attended by Minister for Privatisation Muhammedmian Soomro and Adviser to the Prime Minister on Institutional Reforms and Austerity Dr Ishrat Hussain, besides senior officials from the ministries of finance and privatisation.

The finance ministry presented a report on “Triage of State Owned Enterprises” before the cabinet committee which after detailed discussion directed the authorities concerned to streamline the existing categories for privatisation of SOEs and present a roadmap before the committee.

The committee directed the ministers concerned to utilise the interim period effectively and work out options for restructuring SOEs, including the possibility of turning their officials into contract employees, where applicable, and update the committee periodically.

It was decided that forensic audit of major loss-making SOEs would be conducted in accordance with the directives of the prime minister.

The finance secretary told the committee that in this regard the Auditor General of Pakistan’s office was on board and had started collecting data whereas several private sector firms had also shown interest in conducting the forensic audit.

The committee decided that keeping in view the large number of SOEs, the task of forensic audit might be distributed among the private firms and the Auditor General of Pakistan as per rules.

The finance secretary updated the committee on the progress made on draft SOE Bill 2020 and said that the finance division had submitted it to the law and justice division. Once the draft bill was cleared, it would be presented before the cabinet for approval, before being tabled in parliament.

Published in Dawn, January 21st, 2021

Now you can follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

On desertions
Updated 28 May, 2023

On desertions

Clearly, the temptation to relapse into old habits was too difficult to resist.
Unethical disclosure
28 May, 2023

Unethical disclosure

IN its glee over the travails of its nemesis, the PTI, at the hands of the establishment, the government has sunk to...
India’s bloodlust
28 May, 2023

India’s bloodlust

THE Indian establishment seems determined to send veteran Kashmiri leader Yasin Malik to the gallows. The Jammu...
Election uncertainty
Updated 27 May, 2023

Election uncertainty

All political actors must call a ceasefire and agree to hold polls on time.
Poorer nation
Updated 27 May, 2023

Poorer nation

The citizenry has been left decidedly poorer by this government’s mismanagement.
Subdued Games
27 May, 2023

Subdued Games

THE National Games are supposed to be a quadrennial celebration of Pakistan’s top athletes who showcase their...