The schedule for the privatization of Pakistan International Airlines (PIA)has been officially established. A significant meeting took place, presidedover by Caretaker Minister for Privatization, Fawad Hasan Fawad, wherediscussions centered on the restructuring of PIA and the subsequenttransition towards privatization.
The meeting boasted the presence of key individuals, including the Advisorto the Prime Minister on Aviation, members of his team, top-tiermanagement, as well as legal and financial advisors from PIA, according toan official press release.
Within this gathering led by Minister Fawad Hasan Fawad, a consensus wasreached on clear and defined timelines for the privatization process,aligning with the objectives set by the Prime Minister and the Cabinet.During the discussions, Fawad Hassan Fawad engaged in detailedconversations with PIA officials and the aviation division about therestructuring of the national flag-carrier.
However, it’s notable that the privatization commission’s press release didnot offer specifics regarding the proposed timeline for this significanttransformation.
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Just a few days prior to this development, Caretaker Prime Minister Anwaarul Haq Kakar had directed Minister Fawad Hasan Fawad to take charge of theprivatization process of Pakistan International Airlines and expedite it ona fast-track basis. Chairing a meeting to address matters concerning PIA,the Prime Minister emphasized the urgent need to accelerate the process toenhance service reliability for users and elevate the national flagcarrier’s standards to meet global aviation benchmarks. Consequently, heurged all relevant stakeholders to swiftly address the intricacies ofprivatization
