The board of
In a meeting held in November last year, the board also approved Leave Preparatory to Retirement for its employees in a bid to send employees home before the superannuation age due to weakening financial health of the government entity.
PTV is run by charging a fee of
These agencies will be offered 25% of the recovered amount from the defaulters, according to the decision. The minutes are silent on the issue of whether the recovery agents would be hired to recover the amount from the private sector or they will also be engaged to make recoveries from the government departments - the biggest defaulters.
The decision appears surprising as most of the dues are against the Power Division and
PTV Managing Director
Special Assistant to Prime Minister on Information Dr
The handling of the PTV affairs has remained a controversial issue for the past one year that led to a change in the portfolio of one federal minister. Although the government has hired a new managing director, he has not been fully empowered to take decisions, according to sources. The PTV board went ahead with the decision to engage a third party despite questions over the disputed amount.
The PTV management has shown
These receivables are mainly on account of collection of television fee through electricity bills and dues on account of advertisements. Initially, PTV was paying a collection charge of
However, some companies were still charging
Despite the corporation's weak financial health, the PTV management has taken certain decisions that are contrary to prudent fiscal management. It has hired certain people at hefty packages and has also re-employed the finance director after his retirement despite opposition by the
The PTV also hired Career Pakistan as a head-hunting firm to recruit the chief financial officer, chief digital officer, chief technology officer, chief human resources officer and chief news and current affairs. This job could have been performed without involvement of private parties.
The board also approved the hiring of a security firm for the protection of PTV premises, which was already well-guarded, showed minutes of the meeting.
The PTV management has also not been able to finalise financial accounts of fiscal year 2018-19 that ended in June last year. Financial accounts of fiscal year 2017-18 were finalised only in
During fiscal year 2017-18, PTV sustained an operating loss of
The auditors have observed two qualifications in the accounts of 2017-18. In the first qualification, the auditors have stated that PTV has not prepared consolidated accounts together with the accounts of its subsidiary company,
The PTV board had certain objections to the SRBC accounts, therefore, it did not make these accounts part of the consolidated statement. The auditors have also placed observation on the PTV pension fund liability, which has increased to
The PTV management has registered the pension fund and needs
© Pakistan Press International, source