- Feb 19, 2007
PTI minister is responsible for EU/USA ban on PIA. They should take responsibility of these losses. PPP ruined PIA by employing useless people on permanent basis, 15 thousands when need is like 3 thousand. They should have supported N league back then and maybe things could have been better now.
Even now if you fire 80% of PIA workforce, it may turn profitable in future. For that you need political consensus.
It’s not just PIA, it’s also the properties and hotel owned by PIA.
I don’t know on what terms PMLN was willing to privatized PIA. Was it agreeable to all parties government and opposition? Were they trying to sell it cheap to their friends? I don’t know the details so I can’t say much. PIA is running in loss for over 25 years. You expect PTI to fix everything in 4 years.
You have to give credit where it’s due. PTI has done exceptionally well under worst opposition. If they can reduce the overhead by using technology/Ai, it will become profitable again. Once it’s profitable, it can be privatized excluding the hotels: