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Nawaz hints at privatisation of 26% PIA share; Pak progress rate under 0.01% versus 8.4% in S Asia

byCustoms Today Report
21/03/2015
in Business
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ISLAMABAD: Efforts were being made to revive the Pakistan International Airlines (PIA) though it had been in very bad shape, said Prime Minister Nawaz Sharif, hinting that the privatisation of 26 percent share of PIA was the only solution.

At the launch of the new aviation policy, Mr Nawaz, nevertheless, said the airline’s employees should not be worried as they would be taken care of. He added that National Aviation Policy was being presented by his government after 15 years which was being prepared with full dedication and commitments to make progress in the aviation sector.

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He disclosed that the progress rate in Pakistan had been under 0.01 per cent compared to the 8.4 per cent in South Asia. He said: “The funds required reviving the national carrier but we have to make difference between good and bad.” He added Pakistan needed to build new modern airports and provide facilities at old airports. He said domestic terminal at Lahore Airport would be separated from International terminal to overcome the passengers’ load.

 

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