KARACHI: Pakistan Stock Exchange above the 98,000 mark on Friday as share prices surged more than 2,000 points in intraday trade
ISLAMABAD: Prime Minister Imran Khan has said bringing important national organizations out of loss and making them functional and stable is an important point of PTI government's agenda.
Chairing a high-level meeting in Islamabad on Friday regarding reforms in the Pakistan International Airlines (PIA), he said burden of loss of billions of rupees of state owned entities is ultimately borne by the people and therefore the reform process needs to be further intensified.
The Prime Minister said that in order to make a national institution like PIA functional and profitable, it is necessary to expedite administrative reforms as well as ensure efficient utilization of all available resources in a transparent manner. He directed that progress be made in this regard on a priority basis in accordance with a detailed and comprehensive strategy.
The meeting was informed that during the tenure of the present management of PIA, the losses of the national flag carrier were significantly reduced and at the operational level, it had come in a position to operate flights without incurring any losses, but Corona situation has hampered these efforts.
The meeting also reviewed progress on reforms to protect national airlines from losses and to make the organization profitable and modern.
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