Caretaker Privatization Minister Fawad Hassan Fawad announced the completion of all legal procedures for the privatization of Pakistan International Airlines (PIA) on Saturday. During an interview with a private news channel, he detailed the meticulous execution of the privatization process by the Privatization Commission. Fawad emphasized the inclusion of representatives from the Civil Aviation Authority (CAA) and the ministries of education, law, and finance to ensure transparency in the entire process.
Highlighting the caretaker government’s adherence to constitutional amendments enacted by the previous elected government, Fawad stated that this decision aimed to prevent further economic deterioration. Dismissing rumors of foreign government negotiations for PIA acquisition, he labeled such claims as baseless and driven by vested interests.
Addressing concerns about employee rights, Fawad assured that the caretaker federal cabinet would safeguard the legitimate rights of PIA employees. He attributed the national airline’s challenges to governance issues, financial mismanagement, and the appointment of inadequately qualified individuals to manage the aviation industry. Stressing the urgent need for reforms, he underscored their importance in preventing further decline of public institutions, including PIA.
In response to a query about the general elections scheduled for February 8, the minister affirmed that the caretaker government fully supports the Election Commission of Pakistan (ECP) in ensuring the smooth conduct of the polls.
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