ISLAMABAD: The Cabinet Committee on Privatisation (CCoP) decided on Monday to include Pakistan International Airlines in the privatisation programme.

The CCoP meeting, chaired by Finance Minister Ishaq Dar, gave the go-ahead after deliberating on a proposal by the privatisation commission regarding the inclusion of PIA in the list of entities to be privatised. The committee allowed the privatisation commission to hire a financial adviser to process the transaction of New York’s Roosevelt Hotel, an asset of the PIA Investment Limited (PIA-IL), after going through a summary prepared by the ministry of privatisation.

The CCoP meeting was attended, among others, by Industries Minister Makhdoom Syed Murtaza Mehmood and special assistants to prime Ministem Tariq Bajwa and Tariq Mehmood Pasha.

Published in Dawn, August 8th, 2023