Apparently PIA and CAA are to be included in newly elected Government of Pakistan's formulation of new privatization program.
Aviation Division has asked Pakistan Civil Aviation Authority (CAA), Pakistan International Airlines Corporation Limited (PIACL) and PIA Investments Limited (PIAIL) to provide required information for onward submission to the quarter concerned.
Following document shown on a news channel:
Abbas
PIA and CAA to be Included in Government's Formulation of New Privatization Program
Re: PIA and CAA to be Included in Government's Formulation of New Privatization Program
In case Pakistan government decides to go to International Monetary Fund (IMF) for financial assistance then I'm sure progress/update on PIA privatization will be sought by the IMF.
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Re: PIA and CAA to be Included in Government's Formulation of New Privatization Program
PIA should be privatized as quickly as possible, says former Prime Minister Shahid Khaqan Abbasi.
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Re: PIA and CAA to be Included in Government's Formulation of New Privatization Program
Looks like this time PIA will be privatized with in a year.
Fortune favours brave.
Re: PIA and CAA to be Included in Government's Formulation of New Privatization Program
Nobody will touch PIA unless government takes over the loans.
Re: PIA and CAA to be Included in Government's Formulation of New Privatization Program
Information sought from PIA for privatization program include:
Number of employees (regular, contract and daily wage)
Employees' work experience
Monthly expenses including employees salaries
Audited accounts reports
Monthly loss & profit
Taxes paid
Government subsidy
Value of assets/properties
Proposals for restructuring
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Number of employees (regular, contract and daily wage)
Employees' work experience
Monthly expenses including employees salaries
Audited accounts reports
Monthly loss & profit
Taxes paid
Government subsidy
Value of assets/properties
Proposals for restructuring
Abbas