Minister: (Govt has no plans for privatisation of PIA: Dar

December 19, 2015 Off By Web Desk

ISLAMABAD: Finance Minister Mohammad Ishaq Dar has said that the government has no plan to privatize PIA but only wants to seek a strategic partner for the national flag career.

In a statement issued here on Sunday, he said efforts would be made to invite credible and reputed international strategic partners to the extent of 26% in only the core business of PIA.

He categorically stated there will be no layoffs in the national flag career. He said as a result of government’s efforts, there has been a visible improvement in the overall working of the airline.

He said the number of operational aircraft available with PIA has increased from 18 to 38 and this figure will rise to 40 by the end of this month.

Similarly, the average aircraft age has been reduced from 14 years to 9 years and the government is aiming to bring it further down to 6 years.

The minister said the Ordinance issued by Government recently aimed at freeing the PIA management from government control and enabling it to take its decisions independently.