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PM rejects PIA business plan
ISLAMABAD: Prime Minister Syed Yusuf Raza Gilani chaired a meeting here Thursday to review the ‘Business Plan’ of PIA management to make the national airline both efficient and profitable.The prime minister did not approve the plan and directed the Secretary's Committee, consisting of Cabinet Secretary, Finance Secretary, Secretary Establishment and Secretary Defence to review the ‘Business Plan’ and to formulate final recommendations for submission to Cabinet Committee on Restructuring aimed at making a turn-around.
The meeting has been scheduled during the next week, which would discuss the plan threadbare.
The prime minister said that being a commercial entity, an organization like PIA had to work out a strategy/plan to overcome the difficulties, make up for the losses and give service to the people as per their satisfaction.
The proposed restructuring plan broadly entails (a) Corporate Governance (b) Financial Restructuring (c) Operational Restructuring (d) 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 the senior officials of the relevant Ministries. (PPI)
Courtesy www.geo.tv