No PIA employee to be laid off in privatization process

Minister of State for Parliamentary Affairs Shaikh Aftab Ahmad told the National Assembly the government has decided not to lay off a single employee of Pakistan International Airlines during the privatization of 26 percent shares.

He was replying to a call attention notice moved by several members of the in the House regarding steps being taken by the government to sell shares of PIA.

The minister of state said around 19400 people working in PIA hold 12 percent share of the airline. He said government will keep the management of the airline as 62 percent shares will remain with government.

He said only 26 percent shares will be floated in the market for non-core services. He said final decision in this regard is yet to be taken. The Minister of State said the aim behind the privatization of non-core services is to make PIA a profitable entity which is in the best interest of nation and country.

Five bills were introduced in the National Assembly today.

“The Islamabad Capital Territory Local Government Bill‚ 2013” was moved by S. A. Iqbal Qadri in the House. The chair referred the bill to the standing committee concerned.

S.A. Iqbal Qadri also introduced “The National Database and Registration Authority (Amendment) Bill‚ 2013”.

Dr. Nafisa Shah laid before the House “The Political Parties Order (Amendment) Bill‚ 2013”. The chair also referred the bill to the standing committee concerned.

“The Publication of the Holy Quran (Elimination of Printing and Recording Errors) (Amendment) Bill‚ 2013” moved by Major (Retd) Tahir Iqbal was laid before the House.

Dr. Azra Fazal Pechuho introduced “The HIV/AIDs (Safety and Control) Bill‚ 2013” in the House.

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Posted by Tahir Khan on Sep 17 2013. Filed under Business, Latest News, National, Pakistan. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.