Not a single PIA employee to be laid off,NA told

September 17, 2013 Off By Web Desk

Islamabad: Minister of State for Parliamentary Affairs Shaikh Aftab Ahmad says the government has decided not to lay off a single employee of Pakistan International Airlines during the privatization of 26 percent shares.

He was replying to a call attention notice moved by several members of the National Assembly in the House Tuesday regarding steps being taken by the government to sell shares of PIA.

The minister of state said around 19400 people working in PIA hold 12 percent share of the airline.

He said government will keep the management of the airline as 62 percent shares will remain with government. He said only 26 percent shares will be floated in the market for non-core services.

He said final decision in this regard is yet to be taken. The Minister of State said the aim behind the privatization of non-core services is to make PIA a profitable entity which is in the best interest of nation and country.

The House also discussed a motion moved by Dr. Raja Aamer Zaman regarding terms of International Monetary Funds to get loan worth 5.3 billion dollars.

The mover said since the signing of the agreement‚ the value of rupee against dollar has decreased and the electricity tariff increased.

Minister for State and Frontier Regions Lt General (Retd) Abdul Qadir Baloch said country is passing through difficult financial circumstances and a collective effort to overcome this challenge is the need of the hour instead of criticism.

He said government has no agenda to hide anything from the people and the terms and conditions of IMF agreement have already been published in the press. He assured the House that on return from foreign trip‚ Finance Minister Ishaq Dar will present the details of agreement before the House.

The Minister said at least for this fiscal year people must be prepared for difficult circumstances as the government exchequer is empty.

Taking part in the debate‚ Asad Umar said the real terms and conditions of the agreement with IMF need to be presented before the public. He said around 1.2 million people are expected to become unemployed because of the terms and conditions of IMF agreement and by the end of current fiscal year‚ 5.5 percent inflation given by the previous government‚ will rise upto 12 percent. He said government printed notes worth 636 billion rupees.