Islamabad, Jan. 15 (TNS): Privatization minister Daniyal Aziz said on Monday that it is inevitable to privatize Pakistan International Airline (PIA) as the state has endured more than Rs 325 billion worth of losses to keep the national flag carrier in operation.
Speaking to media persons here, Aziz said that the government has resolved to privatize all the state-owned companies that are costing billions in losses.
He said that national economy is burdened by Rs 600 billion annually owing to loss-bearing companies which is why they are needed to be privatized.
While talking about the national flag carrier, Aziz said that the government would treat assets of the airline and aviation section separately.
He criticised political opponents by saying that Pakistan People’s Party (PPP) has double standards when it comes to privatization.
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