ISLAMABAD: The federal cabinet on Tuesday granted a one-time approval to Pakistan Television (PTV) for making payments to Indian broadcasters, allowing the Ministry of Commerce (MoC) to issue a no-objection certificate (NOC) in this regard. According to sources who confided in Profit, the federal cabinet has now allowed the MoC to issue an NOC to PTV for clearing pending payments worth approximately $632,500 to Indian broadcasters. The government had first imposed an embargo on payments to Indian broadcasters in August 2019 while PTV inked agreements with Indian broadcasters September 3 and October 24 the same year. Sources said that PTV does not only need to clear the pending payments but also ensure regular financial transactions on the rights that PTV acquired after September 2019. “The federal minister for information and broadcasting has seen and authorised the placement of a summary before the federal cabinet,” sources said.

Source: Pakistan Today November 25, 2020 15:00 UTC