Thursday, March 1, 2018

Bilawal Bhutto slams PIA privatisation move, says there is conflict of interest

Pakistan Peoples’ Party (PPP) Chairman Bilawal Bhutto Zardari on Thursday said that the party will never permit the privatization of Pakistan International Airlines (PIA) and will resist any move on any platform to this end.
He said this during a meeting with a 15-member delegation of PIA employees belonging to the Peoples Unity, led by Hidayatullah Khan who had called on him at the Zardari House in Islamabad on Thursday.
PPP Secretary-General Nayyer Bokhari, Senator Farhatullah Babar, Chaudhry Manzoor and Faisal Karim Kundi were also present in the meeting.
Bilawal said that the party was gravely concerned as strong evidence about faulty policies being deliberately adopted to make the PIA and Pakistan Steel Mills (PSM) incur huge losses, running into hundreds of billions of rupees had surfaced during the past 5 years.
“The criminal neglect in running state-run entities shows that it was by design so that they incurred huge liabilities and thereby, a false justification was created for their sale at throwaway prices,” he said.
Recounting these faulty policies, he said that the PIA had no business plan and floated a thoughtless Premier Service which incurred a loss of nearly 3 billion rupees in a few months before the service was discontinued due to severe public criticism.
Bilawal further said that highly expensive lease agreements, open skies policy without consideration of national interest, and discontinuation of some profitable international flights led the PIA down a steep slope. “Huge amounts of landing rights in different parts of the country were given to just one foreign airline in one day and without reciprocity drastically reducing PIA’s market share,” he said.
Spokesperson Farhatullah Babar stated that the PPP Chairman also asked the Peoples Unity employees to prepare a comprehensive report on how the national airline was deliberately mismanaged in order to pave way for its sale at a throwaway price.
Additionally, Bilawal said that the Premier Service reached the brink of precipice after it was denied gas supply since 2015 and that too at a time when the production was 65 per cent.
The PPP chairman opined that the government’s malafide intent was apparent from the fact that the Senate Special Committee on PIA recommendations made to overhaul the Board of Directors have not been implemented even though under its implementation had become mandatory under the Rules of Business.
“The timing and manner of privatization were most intriguing as it was not being discussed in the Parliament,” Bilawal said.
“General elections were also round the corner and there was no time left for undertaking privatization transparently,” he added.
Bilawal said that an unannounced yet systematic transfer of lucrative PIA services to a private airline at a time when the chief executive of the country himself was in the aviation industry raised serious questions of conflict of interest which he said, will have to be answered.

https://www.pakistantoday.com.pk/2018/03/01/bilawal-slams-pia-privatisation-move-says-there-is-conflict-of-interest/

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