PIA Privatisation bill destroying national flag carrier: PIA Chief
ISLAMABAD: The bill passed by the joint session of Parliament paving way for the privatisation of the Pakistan International Airlines has worked against the national flag carrier making it difficult to function smoothly, the PIA acting chief Irfan Elahi told a Senate panel.
Briefing the Senate’s standing committee on Cabinet Secretariat about the reasons behind the national flag carrier’s poor performance and mismanagement, the PIA acting chief said that the PIA (conversion) Bill, 2016 would have been better had it been adopted in its original form.
The bill was passed in a joint session of parliament in April after a thorough discussion in a joint parliamentary committee.
Sharing the reason behind it, Elahi maintained that since 51 per cent shares were still owned by PIA and protection of minority shareholders were the two important provisions of the bill it had ‘virtually handcuffed’ the national flag carrier.