Come up with new business plan: Gilani to PIADecember 30th, 2011 - 12:24 pm ICT by IANS
Islamabad, Dec 30 (IANS) Prime Minister Yousuf Raza Gilani has rejected a business plan submitted by the management of the country’s floundering national carrier Pakistan International Airlines (PIA) and asked for a fresh draft.
Gilani said that the new business plan has to make the national flag-carrier efficient and profitable.
Chairing a meeting to review PIA’s plan, the prime minister sought formulation of final recommendations before submission to the Cabinet Committee on Restructuring, reported Associated Press of Pakistan.
The new plan would be discussed threadbare in the next meeting to be held in the coming week.
Gilani said that being a commercial entity, an organisation like PIA had to work out a strategy to overcome its difficulties, make up for the losses and provide satisfactory service to its passengers.
The proposed restructuring plan includes corporate governance, financial restructuring, operational restructuring and marketing.
The prime minister had issued a stern warning to the PIA in November.
He had said: “Business as usual is unacceptable.”
All is not well with PIA and President Asif Ali Zardari had in October called for implementation of a reform plan to tone it up. The plan called for arresting rising liabilities, stemming general decline and converting PIA into a profitable organisation.
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