PIA has reorganized its board of directors to accelerate the privatization process. An 11-member board, featuring mostly new faces, was confirmed and notified to the main stock exchange. The government formed a committee, headed by the Defense and Aviation Minister, to expedite the outsourcing of major airports and privatization of PIA. The committee includes key government officials.
KARACHI: Pakistan International Airlines (PIA) has restructured its board of directors to expedite the process of privatization of national flag carrier.
The appointment of the 11-member board was confirmed by the flag carrier via formal communication to the main bourse on Monday.
This reshuffle introduces mostly fresh faces to the PIA board. They include Dr. Aqdas Afzal, Sahibzada Rafat Raoof Ali, Haaris M. Chaudhry, Nadeem Karamat, and Tahira Raza.
The federal government on Friday formed a committee to expedite the process of outsourcing the country’s major airports and privatization of Pakistan International Airlines (PIA).
According to the notification, the newly formed committee will act under the chairmanship of Federal Minister of Defense and Aviation Khawaja Asif Ahmad.
Foreign Minister Ishaq Dar and Federal Minister of Privatization Aleem Khan are also part of the committee.
Deputy Chairman Planning Commission, Secretary Privatization and Secretary Aviation are also members of the committee while the Aviation Division will provide secretarial support to the Committee, the notification added.
The committee will review outsourcing of the management of major airports of the country and will also monitor matters related to privatization of PIA.
It is pertinent to mention here that the government has already initiated the process to delegate the operations and management of Karachi, Islamabad, and Lahore airports – with the aim of generating foreign exchange to support the economy.
The recent decision by the government to form a new board of directors for Pakistan International Airlines (PIA) has sparked widespread interest and debate. This move comes in the wake of the government’s efforts to privatize PIA, a state-owned national flagship carrier. The formation of the new board signals a significant shift in the management and governance of PIA and raises important questions about the future of the airline and the broader implications of privatization. In this blog post, we will explore the implications of the PIA privatization and the formation of the new board of directors, examining the potential impact on the airline’s operations, its employees, and the traveling public. We will also discuss the broader economic and policy considerations associated with the privatization of state-owned enterprises in the context of Pakistan’s aviation industry. Stay tuned as we delve deeper into this critical development and its potential effects on PIA and the air travel sector in Pakistan.
Source: ARY NEWS
PIA, Pakistan International Airlines, has restructured its board of directors to expedite the privatization process. The newly appointed 11-member board includes Dr. Aqdas Afzal, Sahibzada Rafat Raoof Ali, Haaris M. Chaudhry, Nadeem Karamat, and Tahira Raza. The government has formed a committee, chaired by Federal Minister of Defense and Aviation Khawaja Asif Ahmad, to accelerate the outsourcing of major airports and the privatization of PIA. Foreign Minister Ishaq Dar and Federal Minister of Privatization Aleem Khan are also part of the committee. The committee will review outsourcing of airport management and monitor PIA’s privatization, aiming to generate foreign exchange to support the economy.
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