Categories: Pakistan

PM orders expediting PIA’s privatisation process

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Monday directed the authorities concerned to expedite the process of privatisation of the national flag career, Pakistan International Airlines (PIA).

Chairing a review meeting on the financial crisis of PIA, the prime minister stressed the finalisation of the privatisation process within the stipulated time.

The prime minister sought regular compliance reports to be submitted to him in this regard, the official news agency reported.

PM Kakar said the government would continue extending support to PIA till completion of its privatisation.

He said the state-owned enterprises (SOEs), which were facing financial loss, would be privatised to save the national exchequer.

The prime minister was given a briefing on the financial situation of PIA in the meeting, which was attended by interim federal ministers including Shamshad Akhtar and Fawad Hussain Fawad, Adviser on Aviation Air Marshal (retd) Farhat Hussain and officials concerned.

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