ISLAMABAD: The government on Friday decided to initiate the restructuring process of Pakistan International Airlines (PIA), which has already been converted into a public limited company known as PIACL.
Under the PIAC Conversion Act 2016, which was adopted unanimously by the parliament, the government was bound to complete the privatisation process by April 15 this year.
Prime Minister Shahid Khaqan Abbasi, who chaired the meeting of the Cabinet Committee on Privatisation (CCoP) gave go-ahead to the proposal submitted by the Privatisation Commission for initiating restructuring process of PIACL, with segregating the core and non-core functions of the organisation.
The Privatisation Commission has worked out a restructuring and implementatio…
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