PM forms high-level committee for PIA’s restructuring, revival

Body to deliberate on different options for the restructuring and revival of national carrier

ISLAMABAD:

Prime Minister Shehbaz Sharif on Wednesday constituted a high-level committee to work out the restructuring, reformation and revival of Pakistan International Airlines (PIA).

He was chairing a high-level meeting to discuss the matters pertaining to the PIA, according to the PM Office.

The committee, headed by Finance Minister Ishaq Dar, would present its proposals and recommendations to the federal cabinet after Eidul Azha.

The committee would also comprise Railways and Aviation Minister Khawaja Saad Rafiq, Planning Minister Ahsan Iqbal, Commerce Minister Syed Naveed Qamar, Special Assistant to the PM Jahanzeb Khan and the secretary aviation.

Read more: PIA suffers Rs38b loss in first three months of 2023

The body would deliberate on different options for the restructuring and revival of the PIA.

The aviation minister briefed the prime minister about the proposed route map and reformative measures for the uplift of the national flag carrier.

The prime minister appreciated the efforts of the minister for the PIA’s revival. He viewed that the PIA had the capacity to overcome the losses.

The meeting was told that the number of planes in the PIA fleet would have to be increased from 27 to 49, in order to steer the airline out of the crisis.

PM Shehbaz said that the PIA had lost the Europe and US routes owing to irresponsible statements by the previous government, inflicting the loss of billions of rupees.

Also read: Another Rs4 billion approved for PIA

He recalled that the incompetent ministers of the previous government had victimised international investors, Chinese firms and Turkish businessmen.

Calling the reformation process inevitable, the prime minister told the meeting that the PIA could only progress if run by professional and administrative experts purely on a profit-and-loss basis.

The premier said that the government was heading toward a policy mechanism in which its role would be confined to the policy-making, and facilitation of investors, businessmen and companies.

Federal ministers Khawaja Saad Rafiq and Azam Nazeer Tarar, Advisor Ahad Cheema and relevant authorities attended the meeting. Federal ministers Syed Naveed Qamar, Ishaq Dar and Ahsan Iqbal, SAPM Jahanzeb Khan and others joined via video link.