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Cabinet committee reportedly approves PTV’s privatisation

ISLAMABAD: The federal cabinet committee on privatisation has reportedly approved the privatisation of state-owned Pakistan Television (PTV).

According to details, almost institutions were on the government privatisation programme’s list but recently more names were added, including PTV’s.

Though the committee has approved the move, it still requires the cabinet’s approval for PTV to be privatised. The committee, in this regard, has written a letter to PTV, asking for information on its assets, liabilities and working structure.

The information includes: Regulatory and legal framework; Governance/management structure; Market share; Financial structure including net equity; Latest audited financial statement; Profit and loss statement for the last five years; Non-performing loans/receivables for this year; Liabilities as of June 2020

Pakistan Television was also directed to submit the required information within seven days. The process to investigate whether the company should be privatised has begun.

Earlier, Federal Information and Broadcasting Minister Shibli Faraz denied that the decision to privatize PTV had been made and said reforms are underway in the institution.

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