ECC approves additional guarantee of Rs 6.5 billion for PIA

ECC approves additional guarantee of Rs 6.5 billion for PIA
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*ISLAMABAD: The Economic Coordination Committee (ECC) meeting on Tuesday approved an additional guarantee of Rs6.5bn for Pakistan International Airline.*

The financial support package for the country’s national flag carrier was approved during the ECC meeting held in Islamabad with Finance Minister Asad Umar in the chair.

The funds would be spent for maintenance of engines acquisition of related spares to put into operation the grounded planes.

The ECC meeting also discussed different proposals for the revival of agriculture sector and decided to collaborate with China to enhance cotton yield.

The meeting also decided to give more attention on the areas of research and development.

Earlier, Prime Minister Imran Khan, on February 6, had directed officials to devise a business plan to transform the Pakistan International Airline (PIA) into a profit-making body and furnish the plan in this regard by March end.

Pakistan