CJP puts all previous PIA MDs on ECL
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ISLAMABAD: Chief Justice of Pakistan Justice Saqib Nisar heard the case against the Pakistan International Airline privatisation.
CJP ordered on Thursday to place the Pakistan International Airlines (PIA) managing directors who served from 2008 to 2018on the Exit Control List (ECL).
The orders came as the Supreme Court heard thesuo motucase into the national flag carrier's reported privatisation and audit.
During the hearing, the chief justice remarked that they are making a commission so the matter of PIA's losses and alleged privatisation can be investigated.
Referring to the airline's previous bosses, some of whom were present in court, he remarked that "you all destroyed such a large asset...this is an injustice. Those who destroyed PIA are enemies and traitors".
Chief Justice Nisar also ordered the production of the MDs in whose tenure the most losses occurred.
As the hearing began, the PIA's counsel presented a 9-year audit record and informed in response to a query that the organisation's share is being sold at Rs5 at present.
The apex court also sought a reply from thefederal government on the privatisation of the airline and summoned the attorney general.
During the hearing, the PIA counsel informed the court that the airline suffered a loss of Rs44 billion in 2013, Rs37 billion in 2014, Rs32 billion in 2015, Rs45 billion in 2016 and Rs44 billion in 2017.
