PM Abbasi rejects 40-page turnaround plan for PIA

Published November 2, 2017
In this file photo, a PIA aircraft is seen on the runway at Manchester Airport, England.
In this file photo, a PIA aircraft is seen on the runway at Manchester Airport, England.

ISLAMABAD: The federal cabinet on Wednesday trashed a ‘turnaround plan’ for Pakistan International Airlines Corporation (PI­AC).

The cabinet meeting chaired by Prime Minister Shahid Khaqan Abbasi held a detailed discussion on how the national flag carrier can stand on its own feet.

An insider who attended the meeting told Dawn that senior officials of the PIAC, who had been tasked by the prime minister to prepare a comprehensive turnaround plan for the crippling national flag carrier, came up in the meeting with a 40-page plan that took three months for completion.

However, the prime minister and his cabinet rejected the plan and gave a tough time to the PIAC team by raising objections on the plan. “I do not want 40-page plan, give a brief plan on four to five pages as to how we can rescue the national flag carrier,” the prime minister, who himself has experience of running an airline, said.

The prime minister refused to grant any financial package to the PIAC in future unless its management comes up with a clear and effective plan.

“I will not give even a single penny if you people do not tell me how much amount to be required on the first, second, third and fourth year and what progress is expected year wise,” he added.

Later, the meeting decided to form a special committee to fine-tune the turnaround plan prepared by the PIAC management.

Published in Dawn, November 2nd, 2017

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Missing confidence
03 Jun, 2026

Missing confidence

For the government, the economy may be more stable now than it was three years ago, but for manufacturers and exporters, it is still difficult to do business.
GB elections
03 Jun, 2026

GB elections

THERE has been some heated politicking in the country’s scenic north in recent days, with Gilgit-Baltistan finally...
The Lebanon factor
03 Jun, 2026

The Lebanon factor

THE fragile calm that followed the recent US-Iran confrontation is being tested. Iran has made it clear that it does...
Mixed messaging
Updated 02 Jun, 2026

Mixed messaging

It is fair to ask how these actions fit into a strategy that is supposedly aimed at reaching a negotiated settlement.
Sugar: the bitter truth
02 Jun, 2026

Sugar: the bitter truth

THEY are at it again. Politically powerful sugar mill owners are back with their demand seeking permission to export...
Uphill battle
02 Jun, 2026

Uphill battle

A DISPUTE has broken out between Karachi’s political representatives over illegal encroachments on the city’s...