ISLAMABAD: A cabinet committee on state-owned enterprises on Wednesday decided to remove Pakistan Television Corporation from the list of official countries for privatization.
The decision was taken at the request of the Information and Broadcasting Minister during a meeting of the committee chaired by Finance and Revenue Minister Hafeez Sheikh. The Information Secretary informed the forum in a briefing that Pakistan Television Corporation is a large-scale organization to promote financially viable, professionally efficient and technically formally owned entity to promote national discourse and create favorable public opinion. She has been working since nine. The meeting was attended by Privatization Minister Mian Soomro, Ishrat Hussain, Advisor to the Prime Minister on Institutional Reforms and Simplicity, and senior officials from the Ministry of Finance and the Ministry of Privatization.
The finance ministry presented a report to a cabinet committee on the testing of state-owned enterprises. The committee, after a detailed discussion, directed the authorities to level the existing category for privatization of SOEs and submit a roadmap to the committee. The committee further directed the concerned ministers to make effective use of the interim period and include exercise options for restructuring including the possibility of management agreements, where applicable, and the Cabinet Committee on State-Owned Companies. Update periodically.
It was decided that the forensic audit of large scale loss-making state-owned enterprises would be conducted as per the directive of Prime Minister Imran Khan.
The Finance Secretary informed the Committee that the Office of the Auditor General is present and has started collecting data while several private sector firms have also shown interest in this regard. The committee decided that the forensic audit task could be divided among private companies and the Auditor General of Pakistan as per the rules, keeping in view the large number of institutions.