PDM govt decides to privatise loss-making PIA

[FOOLS_NIGHTMARE]

• ECC also okays continuation of prime minister's relief package.
• The meeting instructs not to increase the prices of flour.
• It also approves tariff rationalisation for K-Electric.

In a major development, the Economic Coordination Committee (ECC) of the cabinet on Monday gave its nod to the privatisation of loss-making Pakistan International Airlines (PIA).

The decision was made during a meeting of the ECC held with Finance Minister Ishaq Dar in the chair.

According to a declaration issued by the ECC, "After deliberation decided to include Pakistan International Airlines Co. Ltd (PIACL) in the list of active privatisation projects of the ongoing privatisation programme, following an amendment in the law by the parliament."

The committee also gave its approval to appoint a finance adviser for the privatisation of the Roosevelt Hotel in New York, read the statement.

The ECC also approved the continuation of the prime minister's relief package for five essential items on subsidised rates through Utility Stores Corporation from this August to 30th June next year.

The meeting issued the directive that there shall be no increase in the price of flour (atta).

The ECC also approved changes in the incentives schemes of the State Bank of Pakistan (SBP) to improve the inflow of remittances and get optimal remittance inflow through formal channels.

It also approved tariff rationalisation for K-Electric through adjustments applicable on the consumption of April, May, and June this year to be recovered from consumers in three months (July, August, and September 2023), respectively.

In addition to this, the body approved amendments in the contract with TAVANIR Iran for the extension of power tariff for the existing supply of 104MW, negotiating tariff for additional supply (Polan-Gabd) and tariff agreed for additional supply of 100MW through Polan-Gabd Transmission Line from 16th March this year to 31st December next year.

Approval was also accorded to a Rs3 billion technical supplementary grant in favour of the Ministry of Information and Broadcasting for Prime Minister's Health Insurance Scheme for Media Workers, Journalists and Artists and Film Finance Fund.

Another technical supplementary grant worth Rs500 million was also approved in favour of the Ministry of Defence for the security-related requirements during fiscal year 2023-24.

PDM govt decides to privatise loss-making PIA

ECC also okays continuation of prime minister's relief package.The meeting instructs not to increase the prices of flour. It also approves tariff rationalisation for K-Electric.In a...

www.geo.tv

 

[Jango]

If I had a dollar for every time I heard this news I would be rich by now.

In before the government decides to sell off PIA to UAE or any of the other ME3, and effectively ensuring it's demise.

 

[Jf Thunder]

The Air Marshals have handled this well it seems.

 

[Thəorətic Muslim]

How many of your illiterate relatives will be jobless with this @FOOLS_NIGHTMARE ?

 

[HAIDER]

View attachment 944352

• ECC also okays continuation of prime minister's relief package.
• The meeting instructs not to increase the prices of flour.
• It also approves tariff rationalisation for K-Electric.

In a major development, the Economic Coordination Committee (ECC) of the cabinet on Monday gave its nod to the privatisation of loss-making Pakistan International Airlines (PIA).

The decision was made during a meeting of the ECC held with Finance Minister Ishaq Dar in the chair.

According to a declaration issued by the ECC, "After deliberation decided to include Pakistan International Airlines Co. Ltd (PIACL) in the list of active privatisation projects of the ongoing privatisation programme, following an amendment in the law by the parliament."

The committee also gave its approval to appoint a finance adviser for the privatisation of the Roosevelt Hotel in New York, read the statement.

The ECC also approved the continuation of the prime minister's relief package for five essential items on subsidised rates through Utility Stores Corporation from this August to 30th June next year.

The meeting issued the directive that there shall be no increase in the price of flour (atta).

The ECC also approved changes in the incentives schemes of the State Bank of Pakistan (SBP) to improve the inflow of remittances and get optimal remittance inflow through formal channels.

It also approved tariff rationalisation for K-Electric through adjustments applicable on the consumption of April, May, and June this year to be recovered from consumers in three months (July, August, and September 2023), respectively.

In addition to this, the body approved amendments in the contract with TAVANIR Iran for the extension of power tariff for the existing supply of 104MW, negotiating tariff for additional supply (Polan-Gabd) and tariff agreed for additional supply of 100MW through Polan-Gabd Transmission Line from 16th March this year to 31st December next year.

Approval was also accorded to a Rs3 billion technical supplementary grant in favour of the Ministry of Information and Broadcasting for Prime Minister's Health Insurance Scheme for Media Workers, Journalists and Artists and Film Finance Fund.

Another technical supplementary grant worth Rs500 million was also approved in favour of the Ministry of Defence for the security-related requirements during fiscal year 2023-24.

PDM govt decides to privatise loss-making PIA

ECC also okays continuation of prime minister's relief package.The meeting instructs not to increase the prices of flour. It also approves tariff rationalisation for K-Electric.In a...

www.geo.tv

Qatar will buy again,by the blessing of Nawaz Sharif and Junaid safdar s father in law

 

[delta2]

How many of your illiterate relatives will be jobless with this @FOOLS_NIGHTMARE ?

Nawaz Sharif is an enemy of God! This vile creature can only command respect and support from either the most misled, the most corrupt, or the most wicked! May Allah keep us all guided.

May Allah raise the supporters of Nawaz Sharif with him on the Last Day!

 

[Mrc]

Long over due, hopefully they follow through

 

[wali87]

Bohat deyr kar di meharbaan aate aate. On a serious note, I don’t believe PIA will ever be privatised. Not because the government doesn’t want to but because there is a huge pressure group in PIA in the form of the labour union and pilots union. These elements blackmail and threat the government because they know that if the privatisation goes through, their corruption will be over. Their numbers are in thousands and every one of them has his hand in the pie. When blackmailing through strikes fail, they go to court and take stay orders which last years. Anyway that’s just the jist, you probably can figure the rest.

 

[Bilal9]

Well if it is any salvation to Pakistanis - PIA was named as sixth best carrier in South Asia by SkyTrax. There is no Bangladeshi airline in sight - figures....

The Best Airlines in India / South Asia 2023​

Vinod Kannan, Chief Executive Officer, Vistara said “We are overjoyed to have done it again! It is extremely gratifying for all of us at Vistara to be awarded the Best Airline in India and South Asia for the third time, and Best Airline Staff in India and South Asia for the fifth time. We are also ranked 16th amongst the world’s best airlines along with winning these stellar accolades at 2023 World Airline Awards by Skytrax. These awards are a strong endorsement of our customers’ trust in our thoughtful service, consistent operational excellence and constant innovations, all aimed at elevating their travel experience. These awards are also a recognition of the hard work put in by our employees, especially the frontline teams, who have given their all to Vistara throughout our eight years of existence. We would like to express our sincere gratitude to Skytrax for these coveted awards which strengthen our resolve to delight our customers at every touchpoint and on every journey."

1​

Vistara​

2​

IndiGo​

3​

Air India​

4​

SriLankan Airlines​

5​

SpiceJet​

6​

Pakistan Int'l Airlines​

7​

airblue​

8​

Akasa Air​

9​

Maldivian​

10​

Air India Express​

 

[PK784]

Anyone remember the last time PIA tried to privatise? The mass strikes of 2016?

Crippling strike — Day 2: All flights grounded as PIA staff refuse to budge | The Express Tribune

Chaos, confusion reign supreme at airports across the country

tribune.com.pk

 

[xyxmt]

https://www.middleeasteye.net/news/pakistan-sale-uae-and-qatar-make-their-moves

 

[PradoTLC]

a major development, the Economic Coordination Committee (ECC) of the cabinet on Monday gave its nod to the privatisation of loss-making Pakistan International Airlines (PIA).

Lol… who writes this stuff ?


Major development? Muhahahabha


You did know nawj since early 1990 try to sell PIA ?

 

[epebble]

This has the most detailed analysis of the state of the finances of PIA:

The week everyone thought PIA was no longer a going concern

Some phenomena in life are so ingrained in our minds that we take them for granted: the Earth’s roundness, the sun’s faithful journey from East to West. Likewise, in today’s Pakistan, it seems a

profit.pakistantoday.com.pk

It is hard to imagine anyone trying to buy this without first erasing the huge debt. The value of PIA seems to be a tiny fraction of the accumulated debt.