Abbasi expresses dismay over PIA and PSM
By Staff ReporterSaturday - February 17, 2018
According to an official statement, privatisation minister Daniyal Aziz gave a detailed presentation on various issues, including the financial challenges, faced by the two organisations and possible way forward for addressing those issues on permanent basis.
After a detailed presentation on PIA and the discussion that followed, the CCoP gave go-head to the proposal for initiating “restructuring process in PIA”.
It was decided during the meeting to separate core and non-core functions of the organisation.
The meeting discussed in detail various administrative, financial and employees related issues of PSM. A proposal for PSM entering into a ‘concession’ agreement with investors, on revenue sharing basis, also came under discussion.
Abbasi directed that all options be explored and a comprehensive plan be worked out for addressing employees related issues.