All legal formalities completed for privatization of PIA: Fawad

Islamabad: Caretaker Privatization Minister Fawad Hassan Fawad says all the legal formalities have been completed for the privatization of Pakistan International Airlines.

Talking to a private news channel, he outlined various stages of the process for the PIA’s privatization, saying that the Privatization Commission was diligently executing the task.

Fawad Hassan Fawad said the representatives of Civil Aviation Authority, besides the ministries of education, law, and finance had also been taken on board to ensure transparency in the PIA's privatization. He said the caretaker government was carrying out the privatization under the constitutional amendments enacted by the previous elected government.

Rejected rumors of negotiations about buying of the PIA by a foreign government, the Minister said that such baseless allegations were being leveled by certain elements for their vested interests. To a question, he said that the caretaker federal cabinet would ensure that no employee of the PIA was unjustly deprived of their legitimate rights. He underscored the urgent need for reforms to prevent further deterioration of public institutions, including the PIA.

To a query, the Minister said the general elections would be held on the scheduled date of February 8 and the caretaker government was extending fully support the Election Commission of Pakistan in conducting the polls.