Pakistani Prime Minister Shehbaz Sharif has approved the privatization of Pakistan International Airlines (PIA) before June 15 and also endorsed the restructuring plan of the Federal Board of Revenue (FBR), which had been cleared by the caretakers, Ednews informs referring to The Express Tribune.
The PML-N’s government on Wednesday carried forward the leftover work of the Special Investment Facilitation Council (SIFC) and the interim setup, marking the continuation of the previous setup’s policies.
Former Finance Minister Ishaq Dar finally joined the PM’s meetings on economic issues after initially avoiding them. Muhammad Aurangzeb, who is being tipped as the Special Assistant to the Prime Minister (SAPM) on Finance, also attended the meeting.
Sources said the privatization secretary briefed the premier on the possibility of privatizing PIA by June 15. However, the deadline was subject to the timely implementation of the scheme of arrangement to divide the national flag carrier into two entities and park Rs622 billion debt in the new holding company.