PIA Pending Sale until July, Mohammad Zubair

PIA pending sale until July, Mohammad Zubair

Karachi: Head of the Privatization Commission and the Minister Mohammad Zubair said that Pakistan's national airline will be privatized by July next year. French news agency AFP, he said in the interview we continued heavy financial losses and the PIA are planning to privatize, if approved by the Government Privatization Commission airline to sell in the international market will try.

Mohammad Zubair said the government is considering the privatization procedures and management control of an option 26 percent with the sale of shares is, in this regard, the Middle East and China to find buyer Road shows in Europe with that. The government recently came Status Ordinance Has changed the name of the commercial organization of its privatization plans announced Been avoided, move the PIA employees whose number 15 has started the protests, Employees on Monday and Tuesday to protest the country's major airports

Shamim Akmal spokesman told employees that are peaceful protest against the government's plan. That June, the total losses of the PIA 227 billion ($ 2.2 billion) was reached, the air company to operate and employees are required to pay an annual 12 to 15 billion.

PIA in the 1970s was one of the world's leading airlines and is now facing a deficit, PIA flights to cargo security clearance from the European Union faced problems in obtaining the airline every year it also offers free tickets to the loss of a reason. Minister stressed in the interview that anyone (except privatization) is a better idea, we are ready to consider it.