PIA privatization: Important developments reported
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On Tuesday, Fawad Hasan Fawad, the Caretaker Minister for Privatization, presided over a meeting involving various stakeholders to discuss the restructuring of Pakistan International Airlines (PIA) in preparation for its privatization.
The meeting included the Advisor to the Prime Minister on Aviation, key team members, senior PIA management, as well as legal and financial consultants, as stated in a press release.
During the meeting, specific timelines were established to ensure alignment with the Prime Minister and Cabinet's objectives. This move comes shortly after Caretaker Prime Minister Anwaar ul Haq Kakar instructed Fawad Hasan Fawad to oversee the expedited privatization of PIA.
Emphasizing the urgency of the privatization process, the Prime Minister highlighted the need to provide reliable services to users and elevate the national flag carrier's standards to international levels during a separate meeting focused on PIA-related matters. He urged all relevant stakeholders to swiftly address the privatization-related issues
