PM Shehbaz, CDF Munir attend ceremony held for signing of documents regarding PIA’s privatisation
Prime Minister Shehbaz Sharif and Chief of Defence Forces and Army Staff Field Marshal Asim Munir are attending a ceremony in Islamabad, where documents pertaining to the transaction of Pakistan International Airlines’ (PIA) acquisition were signed.
The government and a consortium led by Arif Habib Corporation Limited are the two signatories, with the latter winning the auction for 75 per cent shares of PIA for Rs135 billion in December last year.
As the ceremony commenced, Adviser to the PM on Privatisation Muhammad Ali thanked the premier and the army chief for their “immense hard work” and “support” in the process of PIA’s privatisation.
“Had it not been for their guidance and engagement, we would not be here today. I have no qualms in saying that today we are here because of their efforts,” Ali said.
He said today’s signing marked “one of the most significant milestones undertaken by the current government”, adding that the transaction was completed in a very efficient and transparent manner.
More to follow
