Friday, November 8, 2024 01:02 AM
IHC directs PTV's acting MD to focus on daily operations amid financial turmoil and governance concerns.
In a significant ruling, the Islamabad High Court (IHC) has taken decisive action regarding the management of Pakistan Television (PTV). The court has directed the acting managing director to limit his responsibilities strictly to day-to-day operations. This decision comes in light of concerns raised by a PTV anchorperson and others about the lack of oversight in major policy decisions and expenditures at the state broadcaster.
Justice Mohsin Akhtar Kayani, while reviewing a report from the Ministry of Information and Broadcasting, highlighted the absence of a properly appointed board of directors for PTV. The petitioners argued that crucial financial decisions were being made without the necessary approvals, which raised alarms about the governance of the organization. The judge emphasized that until a new board is constituted, the acting managing director must refrain from making any appointments and focus solely on routine affairs.
During the proceedings, it was revealed that the federal government had yet to notify the board of directors as required by the State Owned Enterprises (Governance and Operations) Act 2023. Justice Kayani instructed the Ministry of Information and Broadcasting to expedite the appointment process for the board within the next 30 days. This ruling underscores the urgent need for proper governance structures within PTV, which is currently grappling with severe financial challenges.
PTV is reportedly facing a staggering loss of billions of rupees, primarily due to overspending on sports and current affairs programs. The organization has recently implemented austerity measures to stave off financial collapse, yet it continues to operate under makeshift arrangements. Key departments are being managed through temporary appointments, which further complicates the situation.
Financial documents indicate that PTV recorded a loss of nearly Rs30 million during the 2023-24 fiscal year, a stark contrast to the profit of approximately Rs870 million in the previous year. A financial health report has warned that the losses are expected to escalate alarmingly, particularly in the Sports Department, which has overspent by Rs1.10 billion on programs.
Moreover, the report highlights that the management has exceeded its budget for current affairs programs by Rs156 million. The overall financial health of PTV is described as dire, with a significant shortfall in funds to meet basic operational costs. The risk of insolvency looms large, necessitating immediate corrective measures.
This situation raises critical questions about the future of PTV and its ability to fulfill its mandate as a public broadcaster. The need for a stable and effective management structure is more pressing than ever. As the court proceedings continue, stakeholders and viewers alike will be watching closely to see how PTV navigates these turbulent waters. The outcome will not only impact the organization but also the quality of programming and services provided to the public.