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.