PTV to Give 25 percent to Agencies In Return for Recoveries of Rs. 3 Billion - Android

After deciding on increasing the license fee up to Rs. 100 for each electricity consumer, the directors of Pakistan Television… Read More

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After deciding on increasing the license fee up to Rs. 100 for each electricity consumer, the directors of Pakistan Television Corporation (PTV) have now moved to outsource recoveries worth Rs. 3 billion.

As per reports, the board of directors’ meeting in November last year gave the go-ahead to hire three private agencies to recover receivables worth Rs. 3 billion in return for 25% of the amount recovered.

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The meeting also decided to reduce the retirement age of its employees by three years to save up to Rs. 1.5 million per month.

With no business plan of its own, the state-run television currently runs on the amount it accumulates by charging Rs. 35 from each registered power consumer in the country.

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As per reports, the national television earns Rs. 8.5 billion annually from license fees against its expenditures of Rs. 20 billion. To fill this huge financial gape, PTV has also decided to increase the license fee by Rs. 65 for each consumer.

The summary is now on Prime Minister Imran Khan’s table, and if he approves, each of us will pay Rs. 100 instead of Rs. 35 every month to run PTV.

The post PTV to Give 25% to Agencies In Return for Recoveries of Rs. 3 Billion appeared first on .