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Wednesday, October 20, 2021

PIA confirms a ‘considerable decrease’ in monthly losses

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Pakistan International Airline (PIA) Chairman Arshad Mahmood has said that a ‘considerable decrease’ in monthly losses had been achieved and the administration is working round-the-clock to bring further improvement in performance and making it a profitable institution.

He was briefing a meeting, chaired by Prime Minister Imran Khan at the PM Office in Islamabad, about affairs of the Aviation Division. The PIA chairman briefed the meeting about ‘remarkable’ benefits of reforms process and said that two new aircrafts had been included in the fleet beside an increase of 48 flights in flights of the national flag career.

Addressing the meeting, Imran Khan expressed satisfaction over the ongoing reforms and said that revival and making of the Pakistan International Airline a profitable entity is among the topmost priorities of the government. The meeting deliberated upon affairs of the Aviation Division, particularly benefits of recently-introduced reforms and better administration of the airports.

The meeting also reviewed progress of implementation of the decisions regarding better administration of the country’s airports and provision of international standard facilities to passengers and future policy in that regard. The meeting was attended by Federal Minister for Aviation Ghulam Sarwar Awan, Minister for Maritimes Ali Haider Zaidi, Minister for Planning Asad Umar.

Adviser on Finance Dr Abdul Hafiz Shaikh, Special Assistants Nadeem Babar and Zulfikar Abbas Bukhari, Investment Board Chairman Zubair Gillani, Aviation Secretary Shah Rukh Nusrat and other senior officials also participated in the meeting.

SPECIAL ECONOMIC ZONES: In a tweet message, Minister for Planning and Development Asad Umar has said that the government had targeted to ensure ground breaking of three special economic zones (SEZs) under the China-Pakistan Economic Corridor (CPEC) by end of current fiscal year.

In order to accelerate industrialization and job creation, he said that the government is increasing focus on development of special economic zones. He said that their target is to open first zone before end of December and two more within this fiscal year in Sindh, Pakhtunkhwa and Punjab.

A day earlier, the minister directed a meeting of the Ministry of Planning to ensure groundbreaking of the first zone project in Faisalabad before end of the calendar year. He also directed to achieve the goal of groundbreaking of Rashakai and Dhabeji within the current financial year.

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Staff Writerhttps://www.thewallet.com.pk
The Wallet Team produces these stories.
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