PIA majority shares to be sold

by malinga
April 7, 2024 1:09 am 0 comment 1.6K views

Islamabad, Pakistan (ANI): The federal government is contemplating selling the majority shares of Pakistan International Airlines (PIA), ARY News reported, citing a government official.

The Privatisation Commission will decide on the number of shares the government will sell as it nears the conclusion of the PIA privatisation process, Coordinator to Prime Minister on Economy and Energy Bilal Azhar Kayani said during his appearance on ARY News show ‘KHABAR’.

According to Azhar Kayani, the government was considering selling around 51 per cent to a complete 100% share of the national flag carrier, as per ARY News.

According to him, the matters related to PIA’s retired employees were shifted to the PIA Holding Company, however, he said that the pension disbursement to the retired workers will not be hindered due to the holding company.

www.the Print In.

You may also like

Leave a Comment

lakehouse-logo

The Sunday Observer is the oldest and most circulated weekly English-language newspaper in Sri Lanka since 1928

[email protected] 
Call Us : (+94) 112 429 361

Advertising Manager:
Sudath   +94 77 7387632
 
Web Advertising :
Nuwan   +94 77 727 1960
 
Classifieds & Matrimonial
Chamara  +94 77 727 0067

Facebook Page

All Right Reserved. Designed and Developed by Lakehouse IT Division