In a recent press conference, Federal Minister for Privatization, Board of Investment & Communications, Abdul Aleem Khan, welcomed potential participation from provincial governments in the ongoing privatization process of Pakistan International Airlines (PIA).
He emphasized the importance of revitalizing PIA, describing it as a valuable national asset that, with the right policies and investments, can still be transformed into a profitable enterprise. Khan assured that while the privatization process is inevitable, the government is not inclined to sell PIA at a low price and is open to collaboration with the provincial governments of Khyber Pakhtunkhwa (KPK), Punjab, or any other province interested in partaking.
Minister Khan clarified that the privatization structure was established before he assumed office, limiting his capacity to alter the framework. He described his role as solely responsible for facilitating the sale of PIA, adding that the privatization process would be conducted transparently and in accordance with existing laws and regulations. Stressing that PIA’s current challenges stem from years of mismanagement and successive government involvement, he pointed out that his primary goal is to conduct the privatization responsibly.
Khan highlighted his track record of achievement as Minister of Communications, specifically noting the National Highway Authority’s (NHA) revenue increase of 50 billion rupees, which he described as a landmark accomplishment for any government institution. He attributed this success to policies implemented without fanfare or personal promotion, focusing solely on the national interest. The minister asserted that as part of his commitment to responsible governance, he has taken no salary or allowances from the government and personally funded official trips abroad, such as recent visits to Kuwait, Russia, and China.
Addressing questions from the media, Khan expressed frustration with criticisms coming from former ministers, noting that they too played roles in PIA’s past struggles. He emphasized the need to move beyond the blame game and focus on creating a better future for PIA, stating that he is accountable to both Allah and the people of Pakistan.
Discussing the broader scope of privatization, the minister revealed that, aside from PIA, nine distribution companies (DISCOs) are also being considered for privatization. Additionally, investment agreements with Saudi Arabia have reached 34 Memoranda of Understanding (MOUs), collectively valued at 2.8 billion rupees, with further foreign investments anticipated from Russia and China.
Khan further shared his vision for expanding the NHA’s scope internationally, proposing that the NHA compete for tenders abroad, potentially positioning itself as a global player in infrastructure development. He also outlined efforts within NHA to enforce strict policies on axle load limits to ensure the safety and durability of the nation’s highways and motorways.
On the subject of PIA’s potential, Khan noted that Pakistan’s population of over 240 million is served by only one national airline capable of direct flights to Europe and America. He asserted that PIA has untapped potential and that privatization could unlock the opportunity for significant improvement, provided it is managed effectively and transparently.
Khan concluded by reiterating that the privatization process would be conducted with integrity, and any changes or adjustments would be made solely in the national interest. He urged critics to avoid speculation and accusations, instead encouraging a collective focus on moving forward to bring positive changes to PIA and other state-owned enterprises.
