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privatization

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PIA privatization: Govt forms new board of directors

  • 2 min
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.
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SHC issues notice to Govt, over likely privatization of PIA

  • 3 min
The Sindh High Court has issued notices to the federal government, CAA, PIA, and the privatization commission regarding the potential privatization of PIA. The court requested replies from all parties and sought an explanation from the government about the likely privatization of the national airline by April 3. The petitioner's lawyer argued against the amendment in the law, citing concerns about the potential impact on PIA employees.