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Addressing The Financial Crisis In Government Departments: Lessons From Pakistan International Airlines

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  • RASHID MEHMOOD

    (Department of Economics, COMSATS University, Islamabad, Pakistan)

Abstract

This study examines the underlying causes of the financial crisis faced by government departments in Pakistan focusing on factors such as inadequate planning, political interference, corruption, inefficient management, and resource mismanagement. The study highlights the urgent need for immediate corrective measures to overcome these challenges and foster progress. Drawing insights from the case of Pakistan International Airlines (PIA), the study emphasizes the importance of generating sufficient revenue through cost-effective operations. It advocates for gradual rehabilitation initiatives, including the elimination of unnecessary expenses, merit-based hiring practices, and performance-based compensation. Moreover, the study underscores the significance of upholding ethical conduct and removing individuals who violate organizational codes. The study also recommends engaging in constructive negotiations with government officials and proposing strategies such as fare adjustments and route optimization to alleviate financial burdens. These measures can help conserve financial technical and human resources ultimately leading to improved financial stability.

Suggested Citation

  • Rashid Mehmood, 2022. "Addressing The Financial Crisis In Government Departments: Lessons From Pakistan International Airlines," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 11(4), pages 15-24.
    • Handle: RePEc:rfh:bbejor:v:11:y:2022:i:4:p:15-24
    DOI: https://zenodo.org/records/7987817
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    References listed on IDEAS

    as
    1. Marc Audi & Amjad Ali, 2019. "Exploring the Linkage between Corruption and Economic Development in The Case of Selected Developing and Developed Nations," International Journal of Economics and Financial Issues, Econjournals, vol. 9(4), pages 37-49.
    2. Asif Sajid & Amjad Ali, 2018. "Inclusive Growth and Macroeconomic Situations in South Asia: An Empirical Analysis," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 7(3), pages 97-109, September.
    3. Ali, Amjad, 2022. "Foreign Debt, Financial Stability, Exchange Rate Volatility and Economic Growth in South Asian Countries," MPRA Paper 116328, University Library of Munich, Germany, revised 2022.
    4. Ali, Amjad, 2022. "Financial Liberalization, Institutional Quality and Economic Growth Nexus: Panel Analysis of African Countries," MPRA Paper 116329, University Library of Munich, Germany, revised 2022.
    5. Ali, Amjad, 2022. "Determining Pakistan's Financial Dependency: The Role of Financial Globalization and Corruption," MPRA Paper 116097, University Library of Munich, Germany.
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