The government of Pakistan has announced the bankruptcy of Pakistan’s national airline PIA, which is burdened with debt.
The employees are worried about their jobs and the employees are also strongly opposing the plan of the government.
PIA is currently on the brink of financial collapse, which is why the government of Pakistan has been forced to sell it.
In the present economic situation of Pakistan, the government says that it cannot run any institution at a loss, nor can it give any more add to PIA.
PIA spokesperson Abdullah Hafeez Khan says that the national airline is included in the list of companies that will be offered for privatization.
At present, the number of employees in PIA is 11 thousand.Employers are very worried that their dues will be withheld from the employees who have retired and the employees who will be furloughed after Privatization. is more than.
Millions of people are currently unemployed in Pakistan and if PIA is sold, more people who are employed in PIA will become unemployed.
In these circumstances, if the employees are dismissed, how will they feed their families and manage the education, health, and other needs of their wives and children?
The Rise and Fall of PIA
First, investors jointly started the national airline of Pakistan and named it Orient Air, later the government of Pakistan took control of it in the 1950s and named it PIA.
PIA used to be one of the best airlines in the region but now it is suffering from a financial crisis, many employees have been laid off for many years but no additional seats have been added since 2017.
Currently, only 19 of PIA’s 30 aircraft are operational and 11 aircraft are not even operational.
PSO has also threatened to stop the supply of oil to PIA due to non-payment of dues. In Malaysia, PIA has been facing a similar situation and today PIA is in social media and news. It continues to be made.
It is worth noting here that PIA has hired an aircraft for $7,500 per hour but a private airline has procured a similar aircraft for $4,500 per hour. Due to this PIA is losing billions of rupees.
Thus the management of PIA bought expensive engines for PIA which later broke down and PIA had to suffer huge losses.
PIA has huge salaries of officers, irresponsible behavior and non-payment of dues by government departments led to the downfall of PIA.
People with political connections were made the executives of PIA.These people made their airline and invested all their wealth in their airline PIA was buried under billions of losses. But their airline went into Profit.
All the governments in Pakistan, both military and civilian, have continued to use institutions like PIA and Pakistan Steel Mills for Personal Assassinations.
On the other hand, the PIA employees have also started protesting and where are the PIA privatization employees, they will never allow this to happen, it will be our economic murder.