PIA to Hire Consultancy Firm for Preparing Five-Year Corporate Business Plan

[Usman123]

My exact point

[arshad.altaf]

So dear colleagues,

2022 is now the base year or baseline to move forward for PIA, according to this new item.

Lets be hopeful.
Arshad

Business plan for PIA unveiled

https://www.dawn.com/news/1672745/busin ... a-unveiled

KARACHI: A proposed five-year business plan to turn around Pakistan International Airlines (PIA) suggests financial restructuring, independent decision making, re-organisation of company structure, restrictions to core business, financial discipline and human resource (HR) rationalisation cost controls.

The proposed plan also calls for reviewing destinations, fleet planning exercises and network expansion thereby increasing PIA’s network spread and passenger uplift.

The comprehensive business plan for the national flag carrier – covering 2022 as the base year and going all the way to 2026 – was presented by IATA Consultancy to the Minister of Finance Shaukat Tarin and Federal Minister of Aviation Ghulam Sarwar Khan on Tuesday.

The business plan preparation was commissioned by the Ministry of Finance last year consequent to the report by former special assistant to the prime minister on public enterprises reforms Dr Ishrat Husain, a statement said.

Dr Husain’s report was termed as a complete restructuring plan for PIA with the objective to not only turn around PIA towards profitability, but also converting it into an agile business unit, focused on its core operations.

The International Air Transport Agency (IATA) consultancy services were hired for the purpose, which after one year developed a five-year corporate business transformation plan.

Published in Dawn, February 2nd, 2022

[arshad.altaf]

ISLAMABAD: Highligh­ting contingent liabilities of the state-owned enterprises (SOEs) at almost eight per cent of GDP — or about Rs5 trillion — as a major fiscal risk, the International Monetary Fund (IMF) has linked the continuation of its ongoing programme with “parliamentary approval” of the new SOE law by the end of June to ensure transparent management of these companies.

The IMF noted that almost half of the SOEs operated at a loss in 2019, including one-third of commercial SOEs that are consistently generating losses; among the major ones were the National Highway Authority, power sector distribution companies (or Discos), Pakistan Railways, and Pakistan International Airlines, which owns the Roosevelt Hotel in New York and the Scribe Hotel in Paris.

Full news link: https://www.dawn.com/news/1674955/imf-w ... management

[Abbas Ali]

Economic Coordination Committee (ECC) has directed Aviation Division/ PIA to present PIACL Business Plan in the next meeting of the Cabinet Committee on Transport and Logistic (CCoTL).

Abbas

[arshad.altaf]

In the history of "business plans" PIA is bound to make a record.

Arshad

[Abbas Ali]

Aviation Minister Khawaja Saad Rafique has directed PIA officials to present airline's Business Plan by Tuesday (April 26) so that it can be submitted in the cabinet for approval.

Abbas

[Usman123]

Can anyone ask the management about the last business plan?
Which goals have been met?
49 aircraft planned but can't even keep current fleet airborne. Total waste of resources.

Privatization is the only solution!