Islamabad 51
  • Home
  • Latest
  • City
  • National
  • International
  • Education
  • Sports
  • Tech
  • Showbiz
  • Privacy Policy
  • Contact Us
  • About Us
No Result
View All Result
  • Home
  • Latest
  • City
  • National
  • International
  • Education
  • Sports
  • Tech
  • Showbiz
  • Privacy Policy
  • Contact Us
  • About Us
No Result
View All Result
Islamabad 51
No Result
View All Result
Home National

PIA Board Approves Privatization Scheme in Crucial Meeting

Editor Isb by Editor Isb
May 14, 2025
in National, Latest
0
pia
Share on FacebookShare on Twitter

ISLAMABAD: The board of directors of Pakistan International Airlines (PIA) recently approved the airline’s privatization and restructuring plan during its 83rd meeting held on March 25.

The official announcement stated that the scheme of arrangement received approval during the meeting. Additionally, the statement mentioned that the board would collaborate with the Securities and Exchange Commission of Pakistan (SECP).

More Insights: Explore Related Stories

No Content Available

According to sources, the meeting also addressed various proposals concerning the future of the organization’s employees. Ernst & Young, a global financial advisory firm appointed by the government, completed the task of preparing the plan during the caretaker setup period.

The International Monetary Fund (IMF) has urged Pakistani authorities to privatize state-owned enterprises to revive the ailing economy. The plan presented by Ernst & Young included discussions on a voluntary retirement scheme and proposed retirement for employees with four years of service remaining.

It is noteworthy that the PIA’s Board of Directors had been inactive since October 2023, and its reconstitution was recently approved by the federal cabinet. This approval is essential for major decisions concerning the company.

(Islamabad51_Newsdesk)

Tags: PIA BoardPrivatization Scheme
Previous Post

Cricket Australia Unveils Exciting Schedule for Pakistan’s Tour Down Under

Next Post

Six including five Chinese nationals killed in Shangla suicide bombing

Editor Isb

Editor Isb

Related Posts

No Content Available
Next Post
Shangla attack

Six including five Chinese nationals killed in Shangla suicide bombing

shehbaz-sharif

PM Shehbaz Sharif Warns of Pakistan's Mounting Debt Crisis

pti

High Court Orders Authorities to Allow PTI's Islamabad Rally

cabinet meeting of shehbaz sharif

PM Shehbaz Sharif Orders Thorough Probe into Besham Terror Attack on Chinese Nationals

Follow Us

Recommended

President Arif Alvi sends Supreme Court bill back to Parliament for reconsideration

President Arif Alvi Submits Formal Request for Salary Increase

2 years ago
Lahore High Court (LHC) Building Picture

Incurable dogs should be given a peaceful death: High Court

5 months ago
Parvez Elahi is granted bail in Punjab Assembly case

Parvez Elahi is granted bail in Punjab Assembly case

2 years ago
Shahid Afridi Surprised by Babar Azam’s Reappointment, Backs Rizwan for Captaincy

Shahid Afridi Surprised by Babar Azam’s Reappointment, Backs Rizwan for Captaincy

1 year ago

Categories

  • City
  • Education
  • International
  • Latest
  • National
  • Showbiz
  • Sports
  • Tech
  • Uncategorized

Pages

  • About Us
  • Contact Us
  • Disclaimer
  • Home 1
  • Privacy Policy
  • Terms of Service

Follow us on Google News for Latest Updates

Recent News

  • Sindh extends Ajrak number plate deadline to August 14
  • Islamabad court grants remand of foreign nationals in illegal call centre case
  • Federal board (FBISE) matric result 2025 (part 1 & 2) date announced

Category

  • City
  • Education
  • International
  • Latest
  • National
  • Showbiz
  • Sports
  • Tech
  • Uncategorized
No Result
View All Result
  • Home
  • Latest
  • City
  • National
  • International
  • Education
  • Sports
  • Tech
  • Showbiz
  • Privacy Policy
  • Contact Us
  • About Us

© 2023 Islamabad51