Islamabad (TDI): Federal Minister for Privatization, Board of Investment and Communications Abdul Aleem Khan has said that start of PIA flights to Europe is a very welcome step as now people are confident that they will soon be able to travel by Pakistan International Airlines for Europe.
The minister further said that this flight operation of PIA will also prove to be a milestone for the privatization of this organization.
InSha Allah after Europe PIA may get the good news of being operational for flights to the United Kingdom and United States of America as well which will further improve the credibility of this organization and it will be able to be “marketed” in a good way.
In his special conversation, Federal Minister for Privatization Abdul Aleem Khan said that various issues hindering in the privatization process of this institution have been resolved and now remaining work and unresolved steps will be materialized quickly.
Read More: PIA to Resume Flights to Europe on Jan 10
Minister Highlights Incentives
Abdul Aleem Khan informed that the IMF has also agreed upon two important issues for the buyer of PIA and assured their consent after which the 18% sales tax on the purchase of new aircrafts will be abolished while the losses of PIA will also be transferred to Holding Company.
Also Read: IMF Clears Hurdles for PIA Privatisation
The Federal Minister for further said that now according to the new conditions the liabilities and old dues of Pakistan International Airlines will be eliminated and this organization will be privatized without any liabilities while after these reforms, the purchase of PIA will also become more attractive and lucrative for investors.
The Federal Minister said that matters for the privatization of PIA are being dealt with expeditiously and good news will be surfaced soon about handing over the institution of PIA to the private sector.
