The Union Cabinet Committee on State Owned Enterprises, under the chairmanship of Finance Minister Mohammad Aurangzeb, has approved several crucial measures aimed at improving the performance of state institutions.

These include the digital expansion of Pakistan Television (PTV) and the elimination of 1,232 redundant posts in the state broadcaster, Express News reported.

During the meeting, the committee approved important measures to increase profitability and efficiency in public enterprises. Among the decisions was the restructuring of the board of the Karachi Tools, Dies and Mold Center, with Abdul Razak Gohar appointed as the new chairman.

In addition, the board of the Technology Upgradation and Skills Development Company (TUSDEC) was reconstituted, with Mohammad Nooruddin Dawood appointed as chairman.

The committee also reviewed Pakistan Broadcasting Corporation’s (PBC) business plans and set a target to eliminate its financial deficit within the next two years.

In line with efforts to streamline PTV’s operations, the committee approved the digital expansion of the broadcaster and the pursuit of profitable partnerships.

Another significant decision was the Ministry of Information’s approval of the sale of unused assets to the private sector with a strong emphasis on immediate implementation of institutional reforms and projects.