The national flag carrier, Pakistan International Airlines (PIA), confronted operational chaos on Tuesday as persisting restrictions on fuel supply due to unsettled dues led to significant disruptions.
In the wake of this fuel crisis, PIA had to cancel around 20 of its domestic and international flights, causing inconvenience to passengers. Additionally, several other flights underwent rescheduling, further testament to the severity of the issue.
The spokesman for PIA cited the restricted daily fuel supply and operational difficulties as the primary reasons behind these drastic measures. Among the affected routes were five critical Karachi flights destined for local hubs, including Lahore, Gwadar, Sukkar, and Islamabad. Lahore airport’s operations also suffered, with the cancellation of two significant flights.
Accelerated Push Towards Privatization
In light of these troubling developments, Caretaker Prime Minister Anwaar-ul-Haq Kakar has taken a stern stance, urging relevant bodies to fast-track the privatization of Pakistan International Airlines (PIA) and other underperforming state-owned enterprises. This strategic move is part of broader efforts to mitigate ongoing losses and enhance operational efficiency.
There’s significant speculation surrounding the future of PIA, especially considering the handover of its financial operations to the Privatisation Commission. This body is expected to introduce pivotal reforms by overhauling PIA’s financial systems, aiming for a streamlined, profitable model. These measures are anticipated to revive the airline’s financial health and strategically position it for eventual privatization, attracting potential investors with a healthier balance sheet.