'Financial woes' push Waqt News to fire all employees

LAHORE - Amid financial crunches being faced by print and electronic media with the formation of the new government, an Urdu news channel, Waqt News, has fired all of its employees.

The sad news was shared by a journalist Matiullah Jan on his Twitter, stating: "Whole of the Waqt News staff sacked and offices across Pakistan shut down".

https://twitter.com/Matiullahjan919/status/1057000514217500672

Earlier, the TV channel downsized its staff to handle what the local journalists called an economic crisis but it later sacked all of its employees after succumbing to these problems, local media reported.

The media houses in Pakistan are suffering from financial difficulties since the PTI government stopped issuing advertisements.

Earlier this month journalists and media workers held rallies across the country, including Lahore, Islamabad and Karachi in protest against downsizing, stopping of advertisements and measures aimed at curbing newspapers circulation and TV channels’ transmission.