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Reading: PM Nawaz Sharif gives PIA approval to procure five Boeing 777 aircraft.
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PhotoNews Pakistan > Business > PM Nawaz Sharif gives PIA approval to procure five Boeing 777 aircraft.
Business

PM Nawaz Sharif gives PIA approval to procure five Boeing 777 aircraft.

Web Desk
By Web Desk Published April 24, 2014 1 Min Read
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Chairing a meeting held at the prime minister’s house in Islamabad, Nawaz said “PIA was our national pride and its efficiency and high quality service were its hallmark. It also set examples for other airlines. It is cause for national embarrassment as its performance has deteriorated at breath-taking pace over the past decade. It is now neither efficient nor profitable. It incurred losses around Rs 183 billion.

The poor service delivery and over-employment in PIAC have been grave problems. Perhaps some efforts were made to turn it around in the past, but there has been no improvement in its efficiency or profitability. Pilferage also continues unabated in PIAC.”

The meeting was also attended by finance minister Ishaq Dar, Special Assistant to prime minister Shujat Azeem, Secretary Aviation Muhammad Ali Gerdazi, DG Civil Aviation Air Marshal (Rtd.) Muhammad Yousaf and Managing Director PIA Muhammad Junaid Yousaf

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