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.
- Business as usual unacceptable, Gilani warns PIA - Nov 04, 2011
- PIA flight full, so two get seats in loo instead - Feb 15, 2012
- Pakistani airline sacks its most expensive employee - Jul 11, 2012
- Implement Pakistan airlines reform plan: Zardari - Oct 01, 2011
- PIA staffers to stage nationwide protests - Nov 11, 2011
- Pakistani airline strike disrupts 120 flights - Feb 10, 2011
- Pakistan International Airlines under Rs.1.1 trillion debt - Nov 23, 2010
- Pakistan wants to import electricity from India - Nov 02, 2011
- Air India makes turnaround pitch to bankers - Apr 08, 2011
- Court bans pilots' strike, Air India to continue operations (Lead) - Mar 15, 2011
- Pakistani airline grounds 10 planes - Nov 14, 2011
- Pakistan to get insecticide from India to fight dengue - Sep 21, 2011
- No bailout for Kingfisher, Air India needs to shape up: Minister - Jan 11, 2012
- Rs.500,000 salary for 150 PIA officials - Sep 15, 2011
- Punjab's long-march would tantamount to treason: Gilani - May 02, 2012
Tags: asif ali zardari, business plan, cabinet committee, chairing a meeting, commercial entity, corporate governance, decline, financial restructuring, implementation, liabilities, losses, national carrier, national flag carrier, new business, pakistan international airlines, prime minister, profitable organisation, raza, satisfactory service, yousuf