Govt searching strategic partner for PIA: NA told

ISLAMABAD: Parliamentary Secretary for Finance, Rana Afzal Khan on Thursday informed that government was looking far internationally reputed strategic partner for Pakistan International Airline (PIA).

Replying to a question, he said that the government had been focusing on restructuring of PIA and been able to achieve increase in its fleet from 18 to 38 planes with average improved life of the fleet from 14 years to 9/10 years and ontime flights performance improved to 82 percent.

He said that the government aimed to increase PIA fleet to 80 planes.

He said that keeping in view huge accumulated loses of PIA, amounting to Rs. 295 billion approximately, the induction of strategic partner in the core business is a viable way forward.

He said that parliamentary committee was setup on PIA issue to discuss all aspects and ensure transparency in the entire process.

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