PIA’s management to remain with govt: Ishaq Dar

After privatisation only 26% shares of the core business would go to the shareholders, says Finance Minister Ishaq Dar


Riazul Haq March 30, 2016
PHOTO: REUTERS

ISLAMABAD:


Finance Minister Ishaq Dar has assured the opposition that the government has no intention to hand over the management of Pakistan International Airlines (PIA) to shareholders but it only wants to help the national flag carrier back on its wings again.


Dar made this commitment on Tuesday while briefing a 10-member special parliamentary body constituted to review the drafts of six bills, including the controversial bill that seeks to convert PIA into a limited company.

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Climate Change Minister Zahid Hamid is heading the committee which includes lawmakers from treasury benches, as well as all the major opposition groups.

“The management will remain with the government and I, being the privatisation minister, will not let outsourcing of PIA happen,” Dar said, adding that amendments from the opposition would be entertained by the government.

The minister promised to learn from the past and not repeat the mistakes committed during privatisation of other government assets like the Pakistan Telecommunication Limited (PTCL).

Members of the upper house were largely satisfied with the briefing over the bill, which was deferred during a joint session of parliament till another sitting due to reservations of the opposition.

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Dar said after privatisation only 26 per cent shares of the core business would go to the shareholders while the non-core business would remain with the government.

“The 26 per cent share does not mean total handover of the PIA management,” he said, adding that the government was ready to guarantee that it would not let total privatisation happen.

To this, the PTI’s Asad Umar remarked that the government had both the questions and their answers and they were also in a majority to pass the bill.

The PPP’s Saeed Ghani said they would consult the party over the issue and suggested that representatives of the PIA’s employees’ union should also be invited to the discussion.  The suggestion was backed by the MQM’s Abdul Waseem. Dar, however, categorically rejected the suggestion. “The government does not need to invite the union to this forum,” he said.

Govt to split flag carrier into 'good and bad PIA'

Other bills

Consideration on anti-rape and anti-honour killing laws was deferred.  PPP’s Senator Farhatullah Babar said murders in the name of honour had largely gone unpunished because in most cases both the accused and victim have the same guardians (wali) who promptly pardon the accused.

The JUI-F’s Senator Maulana Attaur Rehman suggested forwarding both the bills to the Council of Islamic Ideology (CII) for further discussion.

Babar, however, opposed the suggestion, saying that the anti-honour killing law was passed unanimously not only by the Senate Committee on Interior but the Senate also passed it unanimously in March 2014.

The anti-rape bill that seeks to make DNA testing compulsory as part of the procedure and investigation in all rape cases was also deferred till the next meeting of the Joint Parliamentary Committee.

Babar said the bill too had been passed unanimously both at the committee level and the full Senate in March 2014 by all political parties. “Referring it to the CCI will only delay the matter,” he added.

Both the bills, initially moved by the PPP Senator Sughra Imam, could not be passed by the lower house in the mandatory 90-day period and were referred to the joint sitting on a motion moved by Babar.

Immigration and civil servants bills were passed unanimously with some amendments. The committee agreed to meet on April 6, one day before the finalisation of a comprehensive report on the bills.

Published in The Express Tribune, March 30th,  2016.

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COMMENTS (3)

Sodomite | 5 years ago | Reply GOP does not really know what to do with PIA. The answer is straight forward. Hire foreigners in all top management positions of PIA and don't interfere in the running of the airline. Rollback the Open Skies to bilateral level as before and PIA will start churning revenue as never before. Give it to me for $100 with an equity kicker as an incentive and I will turn it around. No rocket science.
Haseeb javed | 5 years ago | Reply Eventually PIA have to shut down like Pakistan steel mill, and employees keep on getting salaries from our tax money. PPP & PTI making sure that people don't get good service from PIA, delayed flights and loss of billions. PSM employees regularly go to steel mill for doing nothing because plant is shut down. they go there sit for few hours having chit chat and tea and on PSM buses they come back. also at the end of month they get full salary. But we Pakistani's are happy to give them free salary for doing nothing from tax money. we don't want privatization we will suffer from these lazy state owned organizations.
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