- PIA CEO also briefed Dr. Hafeez Sheikh about various initiatives undertaken by PIA to normalize its operational cost and to enhance the revenue generation.
- Dr. Abdul Hafeez Sheikh directed the national airline operatives to pursue an independent, sustainable business plan.
The story of PIA as a loss-making entity is familiar to everyone as the national flag carrier has to make up the losses of billions of rupees. Pakistan International Airlines (PIA) management, reportedly, has laid off nearly 1,000 surplus employees alongside taking other steps to get down the operational cost of the airline.
The development was confirmed by the PIA Chief Executive Officer Air Marshal Arshad Malik during a meeting that happened this Friday with PM’s advisor on Finance Dr Abdul Hafeez Sheikh.
PIA CEO also briefed Dr Hafeez Sheikh about various initiatives undertaken by PIA to normalize its operational cost and to enhance the revenue generation through better management and by effectively utilizing the available fiscal and human resources, a press release issued by the finance ministry was quoted as saying.
Dr Abdul Hafeez Sheikh directed the national airline operatives to pursue independent, sustainable business plan adding that the government wanted the PIA to effectively utilize its assets, improve the revenue generation and to work with efficiency.
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The advisor on finance also stressed PIA to achieve sustainability in its businesses processes and flight operations and to pursue the viable and independent corporate plan. Arshad Malik thanked Dr Abdul Hfeez Sheikh for his guidance and support and said that the PIA management had been able to lay off about 1,000 surplus staff to reduce the economic cost.
Earlier, the premier headed a meeting reviewing the efforts for bringing the national airline in line with the modern standards. He also approved the purchase of additional planes to include the PIA’s existing fleet with two of them to become the part of national flag-carrier by the end of this year.
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