Parliamentary committee to oversee privatization of PIA

09 Dec, 2015 3:35 pm

ISLAMABAD (92 News) – As the matters relating to the privatization of Pakistan International Airlines (PIA) have been settled between the government and the opposition, the parliamentary committee will oversee the privatization of the national airline.

A meeting was held in the chamber of Speaker National Assembly Ayaz Sadiq regarding privatization of PIA and enforcement of new taxes worth Rs 40 billion.

The meeting was attended by Opposition leader Khurshid Shah, Shah Mahmood Qureshi, Sheikh Rashid Ahmad and other opposition members , while Finance Minister Ishaq Dar and Adviser Privatization Commission Zubair Umer represented the government.

During the meeting, Ishaq Dar told the opposition members that only 26 percent shares of PIA will be sold out, in which The Roosevelt Hotel New York and PIA’s property in France will not be included. “Not a single employee of PIA would be sacked after privatization,” he added.

Dar said that the number of fleet in PIA is 38 which would soon be increased to 40, while party that could increase the number of fleets to 80 would be preferred.

Opposition leader Khurshid Shah said that the government has accepted the opposition’s demand to constitute a parliamentary team to oversee the privatization process, adding that the PIA wouldn’t be privatized like PTCL.

Shah said that the opposition has withdrawn the decision to boycott the Assembly session following the talks between opposition and the government, while the talks on enforcement of new taxes worth Rs 40 billion are in process.

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