227 PTDC employees laid off

Tourism227 PTDC employees laid off

ISLAMABAD, Pakistan: The National Assembly was told that as a result of the restructuring of the Pakistan Tourism Development Corporation (PTDC) and transfer of properties to the provinces, a total of 227 employees were laid off by the PTDC and its subsidiary companies in accordance with labor law/service rules.

The Minister In-charge of the Cabinet Division told the House in writing on Friday that the PTDC is a Public Sector Company established under the Companies Act, 1913 (Now Companies ACT, 2017).

However, after the 18th Constitutional Amendment, the subject of tourism was transferred to provinces and the status of PTDC remained undecided for some time.

It was apprised to the House that the Federal Cabinet on May 4, 2019 decided the retention of PTDC at the federal level, restructuring of PTDC to align its human resource with its new role and responsibility, and directed to handover PTDC properties along with human resource and associated liabilities to the respective provinces.

Accordingly, the PTDC was restructured and a mechanism for the transfer of properties along with human resource-related liabilities to the provinces was approved by the Federal Cabinet on November 9, 2021, which is in process of the implementation.

Breakup of PTDC employees;

Must read

Recent News

USD to PKR: USD Dollar Rate in Pakistan Today – 6 December 2023

The US Dollar (USD) was being bought and sold at Rs 283.3 and Rs 286 in the Open Market against the Pakistani Rupee (PKR)...
Gold Price in Pakistan Today – 16 September 2023

Gold Price in Pakistan Today – 6 December 2023

On Wednesday (December 06, 2023), the gold rate for one tola of 24-karat in Karachi, Pakistan, is Rs 216,700.000.It's important to note that gold...

31st anniversary of demolition of historic Babri Mosque by Hindu extremists overserved

ISLAMABAD, Pakistan: The 31st anniversary of the demolition of the historic Babri Mosque by Hindu extremists is being observed on Wednesday.“Today is a sad...

U Microfinance Bank posted Net Profit of Rs 1.7 billion for nine-months ended 30...

ISLAMABAD, Pakistan: U Microfinance Bank Limited, Pakistan’s fastest-growing microfinance bank, has announced financial results for the nine months ended September 30, 2023.The announcement...
No Punjabi wedding is complete without the songs immortalised by Surinder Kaur

No Punjabi wedding is complete without the songs immortalized by Surinder Kaur

Monitoring Desk: “No Punjabi wedding in Delhi, Punjab, the other side of Radcliffe Line, and even other parts of the world like Toronto, is...