PM directs review of "PIA Business Plan"

ISLAMABAD: Prime Minister Syed Yusuf Raza Gilani Thursday rejected a Business Plan submitted to him by the PIA management and directed to come up with a new one to make the national flag-career efficient and profitable.

Chairing a meeting at the PM House to review PIA's Plan, the Prime Minister directed the Committee; comprising the Secretaries of Cabinet, Finance, Establishment and Defence to formulate final recommendations before submission to the Cabinet Committee on Restructuring. The meeting, scheduled for next week, would discuss the new plan threadbare, a statement from the PM House said.

The Prime Minister said being a commercial entity, an organization like PIA had to work out a strategy to overcome its difficulties, make up for the losses and provide satisfactory service to its passengers.

The proposed restructuring plan entails; Corporate Governance, Financial Restructuring, Operational Restructuring, Marketing and Fleet.

The meeting was attended by Minister for Finance Dr Abdul Hafeez Shaikh, Minister for Defence Ch Ahmad Mukhtar, Secretaries Finance, Cabinet, Establishment and Defence, Chairman, FBR, Managing Director PIA and senior officials of the relevant Ministries.

Copyright APP (Associated Press of Pakistan), 2011