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.

Web Desk

Recent Posts

AMA celebrates UAE’s ‘Eid Al Etihad’ with iconic Nissan Patrol 2025 parade through Abu Dhabi

ABU DHABI: Al Masaood Automobiles (AMA), the authorised distributor of Nissan in Abu Dhabi, Al…

1 day ago

Casio introduces two bold new additions to G-Shock collection

DUBAI: This winter, Casio introduces two bold new additions to its G-Shock collection – the…

1 day ago

Dubai Insurance and Aster DM Healthcare launch ‘Vibrance Senior’

DUBAI: Dubai Insurance and Aster DM Healthcare have joined forces to unveil ‘Vibrance Senior’, a…

1 day ago

‘KeyMavens’ delivers ‘Terraces Marassi Drive’ with investments of 400m dirhams

DUBAI: Dubai’s real estate market has experienced remarkable growth in the early months of 2024,…

1 day ago

IWPG Global Region 2 hosts 6th ‘International Women Leaders’ Peace Meeting’

THE 6th International Women Leaders’ Peace meeting was hosted online on November 16 by the…

1 day ago

SuiHub launches global accelerator to drive Web3 startup innovation on Sui Blockchain

DUBAI: SuiHub announced the launch of its global accelerator program, a new initiative designed to…

1 day ago