KARACHI: The Pakistan International Airlines (PIA) has appointed former Air Vice Marshal Muhammad Amir Hayat as CEO for one year.
This week, the outgoing government said it planned to privatise loss-making PIA, which has accumulated hundreds of billions of rupees in losses and arrears. The move would be in line with an International Monetary Fund (IMF) deal.
Hayat had been the acting CEO since April 2022, after the former chief executive’s retirement.
The government could have appointed Hayat as CEO for three years, but the prime minister decided to appoint him for one year, said PIA spokesperson Abdullah Khan.
This week, the Cabinet Committee of Privatisation also backed the hiring of a financial adviser to process transactions involving the Roosevelt Hotel in New York, an asset of PIA Investment Limited. –Agencies
