• Home
  • E-Paper
  • Archive
  • Contact us
  • Daily Pakistan
Monday, March 1, 2021
  • Login
No Result
View All Result
Daily The Patriot
  • Home
  • Top Stories
  • National
  • City
  • World
  • Sports
  • Technology
  • Editorial
  • Opinion
  • E-Paper
  • Home
  • Top Stories
  • National
  • City
  • World
  • Sports
  • Technology
  • Editorial
  • Opinion
  • E-Paper
No Result
View All Result
Daily The Patriot
No Result
View All Result
Home Top Stories

PIA incurring Rs6bln loss on monthly basis, CEO PIA tells PM

by Daily Patriot
June 8, 2020
in Top Stories
0
Huge cache of Heroin seized from PIA plane at Heathrow Airport
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

ISLAMABAD : In the prevailing situation of coronavirus, the national flag carrier was running into loss of around six billion rupees on monthly basis, Chief Executive Officer of Pakistan International Airlines (PIA) Air Marshal Arshad Malik apprised Prime Minister Imran Khan on Monday. Briefing the prime minister who chaired a meeting on the reforms and restructuring of the national airline, the CEO PIA said that a sum of Rs 24 billion was being spent yearly on the payment of salaries to its 14,500 employees alone. Arshad Malik also apprised the prime minister about the progress regarding investigation into the Karachi plane crash, handing over of bodies to their bereaved families and payment of compensation amount to the heirs of plane crash victims, the PM Office Media Wing in a press release said. The meeting was attended by Minister for Aviation Ghulam Sarwar Khan, Minister for Information Senator Shibli Faraz, Advisor on Reforms Dr Ishrat Hussain, Special Assistant Lt Gen (retd) Asim Salim Bajwa and other senior officials. During the meeting, a time line for restructuring of the PIA and a comprehensive roadmap over reforms and implementation was also submitted before the prime minister. Addressing the meeting, the prime minister said due to the coronavirus pandemic, the country’s economy was facing difficulties. He said the people had to bear the burden of billions of rupees loss on monthly basis suffered by the state-owned entities. He said with regard to the current situation, it was imperative to expedite restructuring and reforms process in the PIA, which had been running into billions of rupees loss on monthly basis. The prime minister stressed upon bringing down expenditures of the organization, focusing on increase in its income and financial resources and upgradation of its fleet. He also directed that special attention should be paid so that the PIA owned domestic and foreign assets, which could be utilized through a complete transparent and clear manner. The assets should create financial resources for the organization instead of becoming a burden on the general public, he observed. During the last 12 years, he said, ten heads of the organization had been changed. Due to the legal cases, he could not carry out his duties for a period of three months out of his 16 months tenure, he added. Due to such issues, the reforms process in the organization was badly suffered, the prime minister was further briefed. Arshad Malik also gave a detailed briefing on the restructuring, improvement in the financial discipline, better and effective utilization of the PIA’s assets, and strategy over other related issues. He said due to the prevailing situation, the airlines industry throughout the world had been affected and reforms in that regard, were carried out in the organization.

Daily Patriot

Daily Patriot

Next Post
PTI will free Karachi from terror,fear: Shah Mehmood Qureshi

Development of agri sector vital for economic prosperity: FM Qureshi

Latest News

MR Khan Launched plantation drive countrywide
Editorial

Faisal Vawda’s continued absence from the Election Commission’s

by Daily Patriot
February 28, 2021
0

FEDERAL Water Resources Minister Faisal Vawda’s continued absence from the Election Commission’s hearing on the issue of his dual nationality...

Read more
MR Khan Launched plantation drive countrywide

when child born in our society , the cycle of violence begins early

February 27, 2021
No country allowed to disrupt Iran-Pakistan ties: Iranian security official

Iran investigating shooting deaths at Pakistan border

February 26, 2021
Iraq appreciates professionalism of Pakistani Armed Forces

Iraq appreciates professionalism of Pakistani Armed Forces

February 26, 2021
Pakistan remains committed towards completion of FATF Action Plan, says Azhar

Pakistan remains committed towards completion of FATF Action Plan, says Azhar

February 26, 2021
  • Home
  • Top Stories
  • National
  • City
  • World
  • Sports
  • Technology
  • Editorial
  • Opinion
  • E-Paper

© 2020 DAILY PATRIOT - Powered By SmartX DigitalSMARTX DIGITAL.

No Result
View All Result
  • Home
  • Top Stories
  • National
  • City
  • World
  • Sports
  • Technology
  • Editorial
  • Opinion
  • E-Paper

© 2020 DAILY PATRIOT - Powered By SmartX DigitalSMARTX DIGITAL.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version