AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)
Print Print 2023-06-29

PM constitutes Dar-led body: Beleaguered PIA comes under sharp focus

  • PM says PIA will only progress if administrative experts run it professionally
Published June 29, 2023

LAHORE: Prime Minister Shehbaz Sharif said on Wednesday that the incumbent government is heading towards a mechanism in which government’s work is only to do policy decisions and facilitate the investors.

While chairing a high level meeting in Lahore, the premier said that PIA will only progress if administrative experts run it professionally on the base of profit and loss. He added that PIA has potential to steer out from its loss.

Due to irresponsible statement of previous government PIA has lost its routes of Europe and America, he said, adding: “The incompetent ministers of previous government victimized the international investors including Chinese and Turkish investors.”

PIA generates Rs172bn revenue in 2022

During the meeting, the Prime Minister constituted a committee under the chairmanship of Finance Minister Ishaq Dar for re-structuring, reforms and restoration of Pakistan International Airlines. The committee will present its report and suggestions to federal cabinet after Eidul Azha.

On this occasion, Federal Minister for Railways and Aviation Khawaja Saad Rafique briefed the meeting about proposed roadmap and reforms for improvement in PIA.

The meeting was informed that airplanes in the fleet of PIA have to be increased from twenty-seven to forty-nine

Moreover, Prime Minister Muhammad Shehbaz Sharif on Wednesday spoke to President of the Republic of Turkiye Recep Tayyip Erdogan and felicitated the government and the people of Turkiye on the auspicious occasion of Eidul Azha.

Reciprocating the prime minister’s sentiments, President Erdogan extended warm Eid greetings to the people of Pakistan.

The two leaders also reviewed bilateral relations between Pakistan and Turkiye. They agreed that the 7th Session of the High-Level Strategic Cooperation Council (HLSCC) to be held in Islamabad would provide a leadership driven and forward oriented impetus to further strengthen the close fraternal relations between the two countries, especially in the economic domain.

“Pakistan-Turkiye relationship is underpinned by abiding bonds of religion, culture and history. Regular leadership level contact remains a defining feature of this strategic partnership,” it was further added. Furthermore, Federal Minister for Education and Professional Training Rana Tanveer Hussain on Wednesday called on Prime Minister Shehbaz Sharif in Lahore and discussed the country’s overall political situation, as well as, the matters pertaining to education and professional training.

Copyright Business Recorder, 2023

Comments

Comments are closed.

Tulukan Mairandi Jun 29, 2023 09:44am
Dar-led body? Rest in peace, PIA. The last nail in the PIA coffin is sealed by Daronomics.
thumb_up Recommended (0)
Mehboob Ali Lalani Jun 29, 2023 01:01pm
A statement cannot make or break airlines or any other organizations. It is the performance that make or break it. If people are appointed politically and a lean organization is allowed to become a fatty cat, it is bound to fall in abyss of losses. The committee should first find out the root causes of the decline of the PIA and then sincerely address the issues without fearing of political fall out. Otherwise, let the situation as it by injecting finances in a bottomless pit.
thumb_up Recommended (0)
Arshad Jun 29, 2023 01:19pm
Looks like UAE is planning to buy it too.....
thumb_up Recommended (0)
jSKhan Jun 29, 2023 03:06pm
PIA is our national air line need to top up airline in the world as in past We hope that govt will take positively necessary action
thumb_up Recommended (0)