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ISLAMABAD: As the new fiscal year began, the Economic Coordination Committee (ECC) of the cabinet on Tuesday approved a Rs13 billion supplementary grant for the financially struggling Pakistan Television Corporation (PTVC) and a bailout package of about Rs35bn for the Sialkot-Kharian Motorway project.
A meeting of the ECC, presided over by Finance Minister Muhammad Aurangzeb, was informed that the Ministry of Information and Broadcasting had sought a Rs20bn supplementary grant for PTVC to continue its operations despite lacking a business plan to become financially sustainable.
The Ministry of Finance opposed the large funding request from the public exchequer and, after consultations with the relevant officials, reduced the demand by nearly one-third to Rs13bn. It also put in place a quarterly payment schedule.
According to an official statement, the ECC approved the supplementary grant for PTVC for the financial year 2026-27, allowing the release of Rs3.25bn every quarter to meet the corporation’s operational and essential running expenses.
