ISLAMABAD: Minister for Finance Muhammad Ishaq Dar on Friday expressed the hoped that the Aviation Policy, when finally implemented, would help growth of the Sector in Pakistan and contribute to strengthening of the economy.
He stated this while reviewing the proposed Aviation Policy put forth by the Aviation Division here on Friday.
Special Assistant to Prime Minister on Aviation, Capt. Shujaat Azim apprised the Finance Minister about salient features of the policy saying it aimed at promoting professionalism in the aviation sector through public-private partnership.
The Policy envisaged strengthening Pak Civil Aviation Authority (PCAA) and incentivizing aviation business in Pakistan.
Public-private partnerships, Shujaat said would be introduced for airport operations, management and development.
He explained that in order to enhance regulation of aviation services paid up capital requirement was being enhanced for airlines coming into business.
Minimum no of aircrafts required for domestic and international operations was also being reviewed, he added.
He hinted at outsourcing management of landside and terminal buildings to known international companies engaged in airport business through a transparent process at major airports.
Shujaat said that private investment would be encouraged for overall promotion of the aviation sector.
The Minister appreciated the initiatives by the Aviation Division and directed that the Policy document may be presented to ECC in due course for consideration.
He hoped that the Policy, when it was finally implemented, would help growth of Aviation Sector in Pakistan and contribute to strengthening of the economy.
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