The Pakistan International Airlines (PIA) management has laid off nearly 1000 surplus employees in order to reduce operational cost. The staff which has been termed “redundant” by PIA President Arshad Malik, was laid off on cost cutting recommendations of Finance Minister Dr Abdul Hafeez Sheikh. Dr Sheikh asked PIA to effectively utilise its assets, improve revenue streams and ensure efficiency and financial discipline.
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The PM’s adviser directed his team in the finance ministry to work closely with the PIA management and extend them all possible financial help, keeping in view the availability of fiscal space.