NA Committee expresses concern over the delay in the process of privatization of PIAC

ISLAMABAD, July 22 (SABAH): The National Assembly Standing Committee on Privatization has expressed concern over the delay in the process of privatization of Pakistan International Airline Company (PIAC) resulted in an increase in its losses/liabilities from Rs. 200 billion in 2015 to Rs. 800 billion in 2024 and recommended to expedite the process in a transparent manner. The Committee also urged to protect the right of the employees during the process which was assured by the Minister for Privatization.

The 2nd meeting of the Standing Committee on Privatization was held under the Chairmanship of Dr. Muhammad Farooq Sattar, MNA, in Committee Room No. 7, Parliament House Islamabad.

At the outset, the Secretary, M/o Privatization gave briefing on the overall working and performance of the Ministry. The Committee directed the Secretary to provide a detail working paper on the entities privatized during the last 10 years.

The Committee considered the “the Privatization Commission (Amendment Bill, 2023” and unanimously recommended to approved the said Bill.

MNAs, Anwar-ul-Haq Chaudhary, Ch. Mahmood Bashir Virk, Abdul Qadir Khan, Ms. Asia Naz Tanoli, Nazir Ahmed Bhugio, Zulfiqar Ali, Ms. Sehar Kamran, Khawaja Sheraz Mehmood, Moulana Abdul Ghafoor Haideri, and Minister for Privatization, officers/officials from the Ministry of Privatization and PIAC attended the meeting.