Off the wire
• Chad president rules out possibility of post-poll chaos  • Interview: Spain sells more electric vehicles in March than in all of 2012  • Xinjiang offers 5 mln yuan for terror tip-offs  • DR Congo opposition party accepts to participate in dialogue  • U.S. stocks open higher as earnings season starts  • 2nd LD, Writethru: Kyrgyz PM tenders verbal resignation  • Freezing Palestinian housing project "discrimination": PNA  • Wife of British singer Tom Jones dies after short battle with cancer  • China, Israel vow further parliamentary exchanges  • Women's international soccer friendly result  
You are here: 　 Home

Pakistan to convert national airlines into public limited company

Xinhua, April 11, 2016 Adjust font size:

Pakistani parliament on Monday unanimously approved a law, allowing the government to convert the country's national airlines from a corporation to a public limited company.

The opposition lawmakers did not oppose the government move after their proposed amendments were incorporated into the "Pakistan International Airline's (PIA) (conversion) bill 2016."

Minister for Law and Justice, Zahid Hamid, told the house that the genuine demands of the opposition members have been accommodated in the proposed bill and rights of employees have been duly protected.

The bill was previously rejected by the opposition-dominated Senate while the opposition MPs had also boycotted the National Assembly's proceedings when the bill was passed in February.

The treasury and opposition benches had agreed on the retention of employees, their salaries, allowances and benefits, after the conversion of PIA from a corporation into a limited company.

Both sides had also agreed that 51 percent management of the new subsidiary (to be established) will remain with the government. Enditem