ISLAMABAD: Federal cabinet on Thursday has appointed Air Vice Marshal Arshad Khan as PIA chief to oversee affairs of the national airline.

“Air Vice Marshal Arshad Khan, who is a serving air vice marshal, has been appointed the new PIA chairman,” says Minister of Information Fawad Chaudhry while addressing press conference in Islamabad.

Fawad Chaudhary further said that PIA is under huge debt burden of 406 billion rupees with a monthly operational loss of two billion rupees, adding that advertisements have been placed in media for appointment of new CEO of PIA.

He added that restructuring plan of the PIA has also been submitted to Finance Minister.

Chaudhary Fawad said cabinet decided to investigate construction cost of New Islamabad International Airport that exceeded from thirty eight billion rupees to more than one hundred billion rupees.

Commenting over removal of names from ECL, the minister said Government has directed Interior Ministry to review Exit Control List and remove the names of innocent people.

Briefing newsmen after cabinet meeting which was chaired by Prime Minister Imran khan in Islamabad on Thursday afternoon, Information Minister Chaudhary Fawad Hussain said over three thousand people are on ECL and all of them are not guilty.

The Minister said the cabinet discussed at length the procedure and course of action for the newly launched Naya Pakistan Housing Programme by the Prime Minister.

He said Apna Ghar Authority will start working in two months’ time to build five million houses for people as promised in the PTI manifesto.

The Minister said the cabinet also asked National Accountability Bureau to expedite process of investigation in order to bring the culprits to justice.

Chaudhary Fawad Hussain said the cabinet also gave approval to appointment of Aun Abbas as new MD Pakistan Baitul Maal. A new chairman of Privatization Commission has also been approved.

He said the cabinet also accorded approval to constitute a committee headed by Advisor to Prime Minister on Commerce Abdul Razzak Dawood that will look into the matters of K-Electric and Shanghai Electric.

The Cabinet also gave approval to the salaries of employees of Pakistan Steel Mills for the month of August.