government creates new board of directors following PIA privatization

The flag carrier formally informed the national board on Monday of the selection of the 11-member board.

With this reorganization, the PIA board is largely introduced to new members. Dr. Aqdas Afzal, Tahira Raza, Nadeem Karamat, Haaris M. Chaudhry, and Sahibzada Rafat Raoof Ali are among them.

On Friday, the federal government established a committee to hasten Pakistan International Airlines’ (PIA) privatization and the outsourcing of the nation’s main airports.

The notification states that Khawaja Asif Ahmad, the Federal Minister of Defense and Aviation, will serve as head of the newly established committee.

The group also includes Federal Minister of Privatization Aleem Khan and Foreign Minister Ishaq Dar.

The notification further stated that the Aviation Division will offer secretarial support to the Committee. Other members of the committee include the Deputy Chairman of the of the Planning Commission, Secretary Privatization, and Secretary Aviation.

The committee will examine the country’s major airports’ outsourcing of management and keep an eye on issues pertaining to PIA’s privatization.

In order to generate foreign cash to boost the economy, the government has already started the process of delegating the operations and management of the airports in Karachi, Islamabad, and Lahore.