Business Latest Pakistan

Business plan for PIA’s revival will be ready by March, PM told

ISLAMABAD: A comprehensive business plan to revamp the ailing national flag carrier will be ready by March this year.

Prime Minister Imran Khan was briefed that the management of Pakistan International Airline is preparing a comprehensive business plan to turn the loss-making airline into a profitable enterprise.

The Prime Minister chaired a detailed meeting over PIA which was attended by Minister for Aviation Muhammadmian Soomro, Minister for Finance Asad Umar and CEO PIA Air Marshal Arshad Mahmood, PM office media wing said in a press release.

Prime Minister said that privatization of PIA was not part of PTI’s manifesto. He added that the government was efforts to save PIA from losses.

Prime Minister Khan observed that the purpose of reforms in PIA was to turn it into a profit-earning entity.

CEO PIA apprised Prime Minister Khan about the progress on the steps taken for the revival of the national flag carrier.

During the meeting, secretary Aviation Division briefed the Prime Minister about the new aviation policy.

The Prime Minister directed that people should be regularly kept informed about the steps taken for the improvement of PIA affairs.