No PIA employee to be laid off during privatisation, Dar tells PM

Published: December 8, 2015
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PHOTO: INP/FILE

PHOTO: INP/FILE

ISLAMABAD: Finance Minister Ishaq Dar said on Tuesday no employee of national carrier of Pakistan International Airlines (PIA) will be laid off during privatisation.

“As per directions of Prime Minister Nawaz Sharif, no employee of PIA will be laid off,” Dar assured after a meeting with the premier

PML-N government paves way for PIA privatisation

During the meeting, Dar informed PM Nawaz that the new PIA company law partnership will offer job protection to all employees of the national flag carrier and will insulate the Airlines from bureaucratic control, allowing it to function as an autonomous corporation like Oil and Gas Development Corporation Limited (OGDCL).

With the International Monetary Fund (IMF) deadline fast approaching, the government promulgated a presidential ordinance – instead of introducing a bill in parliament – to repeal the Pakistan International Airlines (PIA) Act of 1956 and remove a legal hindrance to the privatisation of the national flag carrier.

Under a condition of the $6.2 billion IMF loan programme, Pakistan is bound to invite investors to participate in PIA’s privatisation through media advertisements before the end of this month and to sell off the carrier by June next year.

National carrier: PIA workers decry executive ordinance for privatisation

Further, the finance minister also told PM Nawaz that the government is focused towards the rehabilitation of Temporary Displaced Persons (TDPs) who have lost their homes since the successful launch of operation Zarb-e-Azb.

The premier directed that all resources be made available for prompt and honourable rehabilitation of TDPs.

“Out of the Rs40 billion revenue proposed to be generated through regulatory duty on luxury items, Rs27 billion will be allocated to provinces,” Dar told PM Nawaz.

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Reader Comments (7)

  • Bisma
    Dec 8, 2015 - 4:34PM

    Good DarRecommend

  • Haji Atiya
    Dec 8, 2015 - 5:15PM

    Well, what’s the point then ?!Recommend

  • Imran
    Dec 8, 2015 - 5:25PM

    So you mean to the private investor will also follow ur policies for employeesRecommend

  • cautious
    Dec 8, 2015 - 7:16PM

    Who wants to buy an airline where the govt tells you how to run it? Nobody that who!Recommend

  • Ch. Allah Daad
    Dec 8, 2015 - 7:25PM

    The focus should be on words “during privatization”. Recommend

  • curious2
    Dec 8, 2015 - 8:53PM

    If PIA was an American airline it would have gone into bankruptcy long ago – a bankruptcy referee would have arranged for a sale of the Company assets to another airline and the proceeds would have been used to pay off the creditors. No political machinations – no drama. Maybe it’s time for Pakistan to enact some bankruptcy laws and help save politicians from digging deeper holes for the taxpayers? Recommend

  • Ch. K. A. Nye
    Dec 9, 2015 - 6:28AM

    Seems Dar is pandering to the PPP jiyalas who infest PIA, PSMC and other state entities…. Recommend

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