ISLAMABAD, November 6 (Online): Federal Minister for Information and Broadcasting Senator Shibli Faraz has said that the government is not looking to privatise PTV.
The Federal Minister while talking to private news channel said that, news regarding PTV’s privatization are fallacious. The channel is being restructured, he added.
Shibli Faraz said a new board of directors will soon be hired to oversee PTV’s operations. We are working on the channel’s managerial structure, he clarified.
He said that, I have been a minister for the last eight months and never have we ever discussed such idea.
Previously, it was reported that the federal cabinet committee on privatization approved the privatization and only the cabinet’s nod was awaited to seal the deal.
Initially, 18 institutions were on the government privatization programme’s list but recently more names were added, including PTV’s.
Some of the information the committee has requested 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
It wants this information within seven days.
