PAC directs PIA to streamline accounts, submit report (The Balochistan Times (Pakistan))

The Public Accounts Committee (PAC) here on Tuesday directed Pakistan International Airline Corporation (PIAC) to streamline its accounts and submit a detailed report regarding new business plans.
The Committee met here on Tuesday under the chairmanship of Syed Khursheed Shah to examine the appropriation of Accounts for year 200910 and Audit reports for 201011.
Secretary Aviation briefed the committee that profit of PIAC was 69.150 million US Dollars in 201011 with a fleet of 40 aircraft and currently 17,944 employees are working in the organization.
He told that employee ratio per aircraft was 448. The committee expressing concern over losses of the Corporation said a proper business plan be prepared for improving the performance of the Airline. The committee also recommended that new aircraft be used on different routes to overcome the shortfall and increase the organization’s profit.
The committee observed that PIAC was facing losses of millions and the number of aircraft had also been reduced from 40 to 26 while interest rate for purchase of aircraft was too high and department is paying a hefty amount on loans and Interest while the actual amount still stands.
The Secretary told the committee that 60 to 65 percent expenditure occurred in payment for oil while currently the expenditure has been reduced from Rs 55 billion to Rs 46 billion due to current reduction in oil prices.
The Committee also expressed concern over continuous loss and questioned that why the Airlines profit was going down despite annual Hajj operation which is a permanent contract. Managing Director PIAC briefed the Committee that the airline earned profit from its flight operation on 25 different routes while the routes including Middle East, UK, Malaysia, Saudi Arabia, New York, Barcelona and Paris were running in loss.
He told that PIA has over 17000 employees in which 7000 are noncore employees and Rs 5.5 billion is being paid in salaries and allowances. He said the coperation was also facing problems due to CBA union. The Committee Chairman directed PIA officials to submit a report regarding expenditures occurred by CBA union.
The Secretary informed the committee that verification process of Degrees of PIA employees was under process and the organisation has terminated 260 employees from service on charge of having fake degrees.
The committee directed PIAC to submit complete record in next meeting of Pilot Faisal Younis, brother of former Cricketer Waqar Younis whose services were hired as Pilot and at the time of his appointment he did not meet the required qualification.
Jaffar Khan Laghari member of the committee said that number of flights from DG khan be increased as the people were facing problems due to less number of flights. Mehmood khan Achakzai another member of the committee said that a plan be made to save PIA, especially on routes in which loss is being suffered by the corporation.