PIA good and bad days

A meeting of the board of directors of the commission was held in the federal capital today to discuss the sale of the Heavy Electrical Complex (HEC), the National Power Construction Company (NPCC), and the divestment of a minimum of 26 per cent shares of PIA to a strategic partner.

The meeting was chaired by Minister of State, Privatisation Commission, Mohammad Zubair.

The board resolved to divest a minimum 26 per cent shares to a private investor and approved initiation process for the selection of a financial adviser for the purpose.

According to a press release, the board also resolved that “the employees’ interests shall be protected in the process.”