Supreme Court seeks PIA's response over NAB report

News Image

By MG News | November 12, 2019 at 05:39 PM GMT+05:00

0:00

November 12, 2019: The Supreme Court Tuesday directed the Pakistan International Airline (PIA) to submit its response on the National Accountability Bureau (NAB) report.

The court also directed the PIA administration to submit details of PIA's current deficit.

A two-member SC bench comprising Justice Umar Ata Bandial and Justice Ijaz Ul Ahsan heard the case regarding sale of national assets at lower rates including PIA.

During the course of proceedings, the bench directed the national flag carrier to submit a comprehensive plan for PIA improvement.

Nayyar Rizvi Additional Prosecutor General NAB said that NAB had raised objections to 33 issues in its report.

He said that there was also the issue of not being qualified staff in the top management of PIA.

Justice Umar Ata Bandial said that the NAB had given its opinion on the audit report.

Justice Ijaz Ul Ahsan observed that PIA faced billions of rupees loss due to awarding of free tickets.

Apart from the employees, unauthorized people were also given free tickets, he added.

Justice Umar Ata Bandial said that the court needed a solution to the problem as it was trying to get national institutions in the right direction. The purpose of the prosecution was not to harm anyone, he added.

He observed that PIA was facing billions of rupees every year. The re-establishment of the national body was a serious issue, he added.

Justice Ijaz Ul Ahsan said that a serious plan was needed to run PIA.

Bilal Minto counsel for Shujaat Azeem said that he was ready to submit affidavit for removing of his client's name. He said that he would join the proceedings when the court decides.

Justice Ijaz Ul Ahsan asked the counsel to submit affidavit and the court would decide after reviewing it.

Later, hearing of the case was adjourned till date in office.

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 133,620.35
161.04M
0.19%
250.20
ALLSHR 83,329.12
577.72M
0.30%
247.97
KSE30 40,755.71
61.13M
0.12%
50.41
KMI30 192,671.95
69.67M
0.05%
91.27
KMIALLSHR 55,927.39
342.48M
0.16%
91.67
BKTi 36,502.15
10.04M
0.51%
184.98
OGTi 28,528.77
7.08M
-0.05%
-14.19
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,755.00 108,880.00
107,680.00
300.00
0.28%
BRENT CRUDE 69.51 69.53
69.03
-0.07
-0.10%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.90
3.07%
ROTTERDAM COAL MONTHLY 106.00 106.75
106.00
0.25
0.24%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.75 67.97
67.40
-0.18
-0.27%
SUGAR #11 WORLD 16.25 16.46
16.07
-0.13
-0.79%

Chart of the Day


Latest News
July 08, 2025 at 12:04 PM GMT+05:00

Saudi Riyal available at PKR 76.4 in open market


July 08, 2025 at 11:55 AM GMT+05:00

NBP leads Pakistan’s banks in shareholder value surge


July 08, 2025 at 11:39 AM GMT+05:00

Pakistan-Afghanistan railway talks progress


July 08, 2025 at 10:42 AM GMT+05:00

Pakistan moves to regulate crypto with PVARA approval



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg