PIA privatisation

Six companies have been shortlisted for the privatisation process of the national carrier

Permanent pilots receive Rs103,000 per month, along with allowances totalling Rs1.2 million

Marks second extension to privatisation process; bidding process now expected in August

Operational profits, European flight resumption mark pivot towards privatisation

May 3 deadline for submission of Statements of Qualification by investors

Decision comes as an extension of government's broader austerity policies

Federal government, CAA, PC and others made parties in the petition

Solution to challenges lies in emulating PSEs featuring in Fortune 500

Provisional law to stop high courts from entertaining cases related to privatisation of state’s assets

VSS and segregation of functions are insufficient to make airline profitable again

PIA has about 11,000 staff right now and 37 planes, although only 22 are operational

Fawad says PSM is a dead asset; DISCOs’ one-step privatisation no longer possible because of various factors

We need to erect a sound legal and prudent decision-making forum to ensure right prize for dwindling assets

Management decreases guaranty allowance to 50 hours

House adopts resolution against privatisation of PIA, Steel Mills

Mischief is afoot. Sadly the media’s attention is now focused on the Panama Papers

Plans to list shares in power companies this year.

Parliament has approved a bill to convert PIA into a public limited company

There are examples around the world that through prudent privatisation and will to succeed, we can turn around PIA

Govt to table bill about the airline in parliament on April 11

The question here is why the Privatisation Commission was kept in the dark over this

Given PIA’s balance sheet, no prospective bidder would show an ounce of interest if govt does not wipe the slate clean

‘Privatisation’ is actually an asset sale at throwaway prices. This is what might happen if PIA is privatised

Opposition leader hits out at PM Nawaz, says parliament doesn't know anything about the recent LNG deal with Qatar

Airline announces cut in fares for Karachi, Lahore, Islamabad, Umrah passengers

Government is now reportedly contemplating launching another airline

National carrier ceased all domestic and international flights on February 3 as strike by unions entered a second day

Nawaz Sharif says employees performing their duties and are not part of the protests will be rewarded by the govt

Government refuses commitment to keep airline a state-run organisation

Protesting workers urged to call off strike, improve airline’s performance

Until now the unions have only forced the back office work to suspend, but flight operations have not been disrupted

National carrier closed across country to protest privatisation

Joint Action Committee says it will close the head office

Zahid Hamid elected chairman of PIA Special Committee

Baloch said PIA was a national asset and its privatisation was not possible without consensus from all stakeholders

Opposition repeals privatisation ordinance through its numerical strength

The transaction structure has to be approved by the PC board before its submission to the CCOP

He demanded the government withdraw the Presidential Ordinance about the airline’s privatisation

PIA officials feel encouraged by interest shown by PM in matter

Protesters shouted slogans against the privatisation

Committee to comprise opposition members from National Assembly and Senate

Say they will not allow govt to sell national carrier.

Besides Air Leagues, members of Insaf Front and People Unity are also boycotting services at the airport

Privatisation minister says road shows will be held in the Middle East, China and Europe to find a buyer

Conversion of PIA into privately-held company will insulate it from bureaucratic control, finance minister said

Only the formalities remain, says Saleem Mandviwalla

Workers completely reject PIA sell-off, fear job losses

They say the government must take all stakeholders on board

On December 7, the federal government was allotted 2.357 billion additional shares against equity

Promulgation of ordinance eyed for repealing PIA Act