KARACHI: At a crucial budget meeting held this Saturday, the Karachi Press Club (KPC) unveiled its financial plan for 2024, grappling with a deficit of around 1.5 crore rupees. The session, a blend of sober financial reality and determined future planning, was led by key figures in the club’s body and administration and attended by the members, including journalists, reporters, and other media professionals.
KPC Treasurer Ehtesham Saeed Qureshi presented the budget, amounting to approximately 11 crore 17 lakh 70 thousand rupees, showing a calculated deficit. The budget, reflecting a decrease in the fixed deficit compared to last year, was approved by the members. Qureshi credited improved management skills for this relative financial improvement, highlighting the estimated revenue of 9 crores 68 lakh 5 thousand rupees against the projected expenditure.
Secretary Shoaib Ahmed took the stage to outline the measures taken to navigate through these tough financial waters. He spoke about a series of actions implemented to mitigate the club’s financial issues, emphasizing efficiency and cost-cutting measures. Ahmed also announced new proposed projects aimed at enhancing member benefits, reflecting the club’s ongoing commitment to its community despite fiscal constraints.
President Saeed Sarbazi, speaking at the event, provided insights into the multitude of problems the club is currently facing. He stressed the impact of external economic factors and shifts in the media industry that have significantly influenced the club’s revenue streams. Sarbazi’s speech underlined the need for resilience and adaptability in these challenging times.
Members engaged in dynamic discussions, suggesting various strategies to overcome the deficit. These included innovative ideas for revenue generation, such as hosting high-profile events, leveraging digital platforms for wider outreach, and strengthening networks with international journalistic entities.
Despite the looming financial difficulties, the spirit at the Karachi Press Club remained positive. The leadership’s commitment to maintaining the club’s legacy as a sanctuary for journalists and a bastion of press freedom was palpable. The approved budget, though reflecting a deficit, is seen as a pragmatic approach to ensuring the club’s sustainability and continuing its role as a pivotal institution in Karachi’s journalistic landscape.
After careful consideration and debate, the budget for 2024 was unanimously approved by the members present at the meeting. The press club’s financial plans were finalized and are now set to be implemented in the coming months.
The Karachi Press Club, with its rich history, stands at a crossroads, facing financial challenges with a strategy that blends prudence with progressiveness. As it steps into 2024, the club’s journey will be keenly watched by its members and the broader journalist community.