Federal government likely to approve support package for PIA
ISLAMABAD - A meeting of the Economic Coordination Committee (ECC) has been called tomorrow (Tuesday) to discuss a six-point agenda, including the government support required by PIA.
According to sources, PIA is in a serious financial crisis as it failed to pay outstanding dues of Rs17.3 billion to Pakistan State Oil (PSO).
The aviation division will brief the committee on PIA’s overall position and developments regarding the restructuring plan. The ECC is likely to approve financial support for the national flag carrier.
Approval of necessary amendments and exemptions for the Gwadar port and Gwadar free economic zone is also included in the agenda. A summary prepared by the maritime affair division will be presented before the committee.