Islamabad, Jan 18: Federal Minister for Finance Senator Muhammad Aurangzeb presided over a meeting of the Cabinet Committee on State-Owned Enterprises (CCoSOEs) at the Finance Division.
The committee examined strategic business plans proposed by the Ministry of Information for the Pakistan Broadcasting Corporation (PBC) and Pakistan Television Corporation (PTV).
These plans aim to address critical challenges while paving the way for sustainable growth, financial stability, and enhanced public services.
The proposed business plan for PBC outlined innovative strategies to boost income generation. Key measures include improving program quality, enhancing signal reach, and leveraging untapped assets such as unused concrete structures and open land across various cities.
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Revenue opportunities, including ATM installations and advertising billboards, were also highlighted. According to the committee, these measures would help PBC achieve financial self-sufficiency within two years of implementation.
Similarly, the business plan for PTV focused on embracing digital transformation, content licensing, and forging profitable partnerships.
The Ministry emphasized the utilization of PTV’s properties to maximize operational efficiency and revenues.
The CCoSOEs reviewed and approved both plans, underscoring the importance of timely execution to achieve tangible outcomes.
The committee recommended that the Ministry of Information work with administrative boards to capitalize on unused spaces and assets. They encouraged private-sector collaborations rather than engaging in real estate ventures that could detract from the broadcasters’ core missions.
In addition, the committee approved the reconstitution of the Boards of Directors for Karachi Tools, Dies, and Mould Centre (KTDMC) and Technology Upgradation and Skills Development Company (TUSDEC).
Both boards saw the appointment of private-sector professionals alongside ex-officio members for a three-year term, with Abdur Razaaq Gauhar and Muhammad Noor ud Din Daud named as Chairpersons of KTDMC and TUSDEC, respectively.
These changes align with the SOEs Ownership and Management Policy 2023 to improve corporate governance and efficiency.
Key federal ministers, secretaries, and senior officials attended the meeting and committed to boosting SOE performance with innovative strategies.
