ISLAMABAD: Chief Justice (CJ) Saqib Nisar on Friday summoned Managing Director (MD) of Pakistan International Airlines (PIA) to present an audit report of the national flag carrier on April 12.
SC directed the MD to present an audit report and account statements of the last ten years.
Previously, CJ had taken notice of PIA’S decision to give up on certain profitable routes to other airlines and its intention for privatizing the national airlines. SC had ordered that no new recruitments shall be made as the airline had been running on debt due to official mismanagement.
The government had earlier made efforts for privatizing parts of the airline including its management but halted the process owing to criticism from the opposition parties.
According to Reuters report in 2013, PIA along with other 67 state-owned companies were decided to be privatized in return of a $6.7 billion International Monetary Fund (IMF) package. However, the process was hindered in 2016 after little success due to the protests staged by the airlines employees.
PIA is the national flag carrier that was born in October 1946. The national airlines have been facing issues in past years falling under huge debt.
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