Cabinet okays PIA restructuring
Directs special panel to iron out differences over impact of airline’s bifurcation
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Directs special panel to iron out differences over impact of airline’s bifurcation
Minister for Privatisation Fawad Hasan Fawad, who moved the summary, informed the cabinet that such a step would result in attracting investors towards PIA.
Cabinet told PIA to be bifurcated into two companies namely TopCo and HoldCo, measures to help attract investors.
The high-tech startup industry in Pakistan is facing many challenges. Some of these challenges are because of government policies. A case in point: we run a company, Aero Engine Craft Ltd, which is Pakistan’s first aerospace R&D startup that is developing environmentally safe contrail-free aircraft engines for the global aviation industry. A deep-tech startup like ours needs infrastructure and it has to be grounded at a location. Unlike IT startups, they cannot relocate to the Silicon Valley in the acceleration phase. They need technical support from the tech ecosystem around them for inno...