Cabinet Committee Orders Liquidation of Pakistan Tourism Development Corporation

The Cabinet Committee on State-Owned Enterprises (CCoSOEs) has directed the Cabinet Division to initiate the liquidation process of the Pakistan Tourism Development Corporation. This decision comes as part of the government's efforts to streamline and optimize state-owned enterprises in the country.

During the committee meeting, discussions were also held regarding proposals put forward by the Ministry of Housing and Works concerning two other entities - Pakistan Environmental Planning and Architectural Consultants and National Construction Limited.

The Pakistan Tourism Development Corporation (PTDC) was established to promote tourism in Pakistan and manage tourism-related activities. However, over the years, the corporation has faced financial challenges and operational inefficiencies, leading to the decision for its liquidation.

The proposals from the Ministry of Housing and Works regarding Pakistan Environmental Planning and Architectural Consultants and National Construction Limited were carefully reviewed during the committee meeting. These discussions aim to enhance the performance and effectiveness of these entities in their respective sectors.

The decision to commence the liquidation process of the Pakistan Tourism Development Corporation reflects the government's commitment to restructuring state-owned enterprises for better governance and efficiency. By reviewing proposals for other entities, efforts are being made to improve the functioning of key organizations in Pakistan's infrastructure and construction sectors.