‘When PTI took over, PTV was bankrupt,’ Fawad Ch announces Rs 4 billion revenue by the state broadcaster

According to the Minister for Information and Technology, Fawad Chaudhary, this is one of the highest ever revenues that it has earned.

'When PTI took over, PTV was bankrupt,' Fawad Chaudhary announces Rs4 billion revenue by state broadcaster

Pakistan Television Corporation (PTV), the state-owned broadcaster, has achieved a new height by generating a revenue of Rs4 billion.

According to the Minister for Information and Technology, Fawad Chaudhary, this is one of the highest ever revenues that it has earned. He announced the news on Twitter and added that when the PTI government took over, PTV was bankrupt.

The incumbent government has ever since then digitalized two channels and presented a business model for the broadcasting television channel. Back in 2021, a cabinet committee on state-owned institutions removed Pakistan Television from the list of state-owned institutions that are added to the privatization list. The committee made this decision at the request of the Ministry for Information and Broadcasting.

An impactful large-scale overhaul was planned by the government in the PTV, which included professional and financial affairs.

Prior to this, PTV also faced a huge loss after both New Zealand and England’s cricket teams backtracked on their contract to play a series in Pakistan. Minister Fawad Chaudhary at that time revealed that this cost PTV hundreds of millions in losses.

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