Pakistan seeks ‘viable business plan’ for state-owned broadcasting corporations

An undated file photo of the Pakistan Television (PTV) building in Islamabad, Pakistan. (PTV/ website)
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Updated 20 May 2024
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Pakistan seeks ‘viable business plan’ for state-owned broadcasting corporations

  • A cabinet committee recognized ‘strategic nature’ of Pakistan Television Corporation, Pakistan Broadcasting Corporation
  • The development comes amid Pakistan’s push for privatization, reforms in loss-making state enterprises for IMF bailout

ISLAMABAD: The Pakistani government on Monday sought a “viable business plan” for two state-owned broadcasting corporations, the Finance Division said, amid the South Asian country’s push for reforms in loss-making state entities.

The statement came after a meeting of the Cabinet Committee on State-Owned Enterprises (CCoSOEs) in Islamabad, which was presided over by Finance Minister Muhammad Aurangzeb.

The development comes amid Pakistan’s push for privatization and reforms in state-owned enterprises (SOEs) as it negotiates with the International Monetary Fund (IMF) a fresh bailout program.

The cabinet committee reviewed a proposal of the information ministry regarding the Pakistan Television Corporation (PTVC) and the Pakistan Broadcasting Corporation (PBC).

“The CCoSOEs recognized the strategic nature of Pakistan Television Corporation (PTVC) and Pakistan Broadcasting Corporation (PBC) and directed the Ministry of Information & Broadcasting (MoIB) to present a viable business plan to the committee for efficient management of these enterprises,” the Finance Division said in a statement.

Under the last $3 billion IMF program that helped Pakistan avert a debt default last year, the lender said SOEs whose losses were burning a hole in government finances would need stronger governance.

To negotiate a fresh bailout with the IMF, Pakistan must implement an ambitious reforms agenda, including the privatization of debt-ridden SOEs.

Among the main entities Pakistan is pushing to privatize is its national flag carrier, the Pakistan International Airlines (PIA). The government is putting on the block a stake ranging from 51 percent to 100 percent.


Pakistan seeks wider access to Canadian market as both sides want deeper agricultural cooperation

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Pakistan seeks wider access to Canadian market as both sides want deeper agricultural cooperation

  • Islamabad urges faster certification for canola and halal products in a bid to expand agricultural exports
  • Canada pledges collaboration on pest management, invites Pakistan to the Canada Crops Convention

ISLAMABAD: Pakistan on Wednesday pressed for improved access to Canadian agricultural markets and faster certification procedures for key exports as Islamabad looks to modernize its climate-strained farm sector and resolve long-standing barriers to trade, according to an official statement.

The push comes as Pakistan, a largely agricultural economy, faces mounting challenges from erratic weather patterns, including floods, droughts and heatwaves, which have hurt crop yields and raised food security concerns. Islamabad has increasingly sought foreign partnerships and training to upgrade farm technology, while pursuing export-oriented growth to diversify markets for mangoes, rice, kinnow, dates and halal meat.

Federal Minister for National Food Security Rana Tanveer Hussain and Canadian High Commissioner Tarik Ali Khan met to discuss “strengthening bilateral collaboration in agriculture, enhancing market access for key commodities, and advancing ongoing phytosanitary and technical cooperation,” according to the statement.

“Minister Rana Tanveer Hussain stressed the importance of resolving market access challenges to ensure uninterrupted trade in priority commodities, particularly canola, which constitutes Pakistan’s major agricultural import from Canada," it continued. "He highlighted that Pakistan seeks robust and timely certification and registration processes to facilitate predictable canola imports."

"The Minister emphasized that Pakistan is eager to strengthen its halal export footprint in Canada and sought CFIA’s [Canadian Food Inspection Agency’s] support in accelerating certification procedures for halal gelatin, casings, and value-added poultry," it added.

High Commissioner Khan  acknowledged Pakistan’s concerns, the statement said, and assured Hussain of Ottawa’s readiness to deepen technical collaboration.

He also briefed the minister on Canada’s pest management systems and grain supply chain controls, adding that his country looked forward to facilitating Pakistan’s plant protection team during an upcoming systems-verification visit.

Khan also invited Pakistani officials to the Canada Crops Convention in April 2026 and confirmed participation in the Pakistan Edible Oil Conference, reaffirming that “Canada views Pakistan as a priority partner in the region.”

Hussain proposed forming a joint working group to maintain momentum on technical discussions and regulatory issues as both officials agreed to strengthen agricultural cooperation.