Govt to auction PIA on October 1, amid debt crisis

[nahtanbob]

Anyone bidding on this junk of an organisation is a madman.

The jetliners, routes from Pakistan to foreign countries are worth hundreds of millions

 

[ACE OF HEARTS]

The sooner the better including the loss making DISCOs.
No sympathies should be attached to a loss making SOE.

The looming debt repayments, without any proper planning and weed off the country from loans, are an existential threat.

Pakistan’s debt crisis fuelled by more IMF loans - Bretton Woods Project

Pakistan on track to receive its 24th loan from the IMF after the lender disbursed the last tranche of the country’s latest $3 billion programme.

www.brettonwoodsproject.org

Foreign debt will be Pakistan’s economic touchstone in 2024 | East Asia Forum

In 2024, the most urgent task for Pakistan's new government will be grappling with their crippling foreign debt.

eastasiaforum.org

https://www.cgdev.org/publication/pakistans-external-debt-dilemma

FY2025 to FY29: External debt maturity estimated to be over $100bn

Friendly countries to rollover $12.7 billion in the current fiscal year

www.brecorder.com

 

[AZADPAKISTAN2009]

The debt Pakistan has is not due to airline

It is due to people stealing from Budget at government level
Over hiring in company, at company Level
People flying for free on Carrier without buying a ticket

The issue is not with demand or capability of airline

The issue is "Over hiring" above needs of company

 

[PakAl]

The debt Pakistan has is not due to airline

It is due to people stealing from Budget at government level
Over hiring in company, at company Level
People flying for free on Carrier without buying a ticket

The issue is not with demand or capability of airline

The issue is "Over hiring" above needs of company

As usual we never look at the root cause. How can PIA be profitable when dacoits are eating from it, steel mill was similar. They can keep PIA as it is but hire professional workforce but that will not happen because safarishi will come or people in power will plot against the professional workforce until they fail and then safarishi come. This is the problem in all fields and people love it.

 

[ali_raza]

As usual we never look at the root cause. How can PIA be profitable when dacoits are eating from it, steel mill was similar. They can keep PIA as it is but hire professional workforce but that will not happen because safarishi will come or people in power will plot against the professional workforce until they fail and then safarishi come. This is the problem in all fields and people love it.

Pia is a small example of the country itself

 

[Tamerlane]

16 flying planes and 10,323 employees. That's an average of 645 employees per plane. The world average is 133 employees per plane. That means that PIA should have 2,128 employees and 8,195 should be laid off.