PIA repeal ordinance 2026 laid before National Assembly

ISLAMABAD: The Pakistan International Airlines Corporation (Conversion) (Repeal) Ordinance, 2026 was laid in the National Assembly on Friday, according to proceedings reported from the lower house.

The ordinance had already been laid in the Senate before being presented in the National Assembly.

In a separate legislative development during the same sitting, a bill aimed at regulating the insurance sector was also introduced in the House.

The National Assembly was further presented with the report of the Standing Committee on Finance and Revenue on proposed changes to the Financial Institutions (Recovery of Finances) Ordinance, 2001. The report related to the Financial Institutions (Recovery of Finances) (Amendment) Bill, 2026.

Lawmakers were also presented the Annual Report of the NEC for FY2023-24 during the session.

Legislative business in the House

The laying of the PIA repeal ordinance formed part of the day’s parliamentary business in the National Assembly, where multiple financial and regulatory matters were taken up.

Besides the ordinance concerning Pakistan International Airlines Corporation, the House also moved forward on insurance regulation through the introduction of a separate bill.

The presentation of the finance committee’s report on the proposed amendment to the Financial Institutions (Recovery of Finances) Ordinance, 2001 added to the list of items placed before the Assembly.

The Annual Report of the NEC for FY2023-24 was also tabled, completing a set of official documents and legislative measures brought before the House on Friday.

Items placed before parliament

The proceedings reflected activity on aviation-related legislation, financial recovery law, insurance regulation and the presentation of an annual report linked to FY2023-24.

No further details were provided in the report on debate or discussion on the measures at the time they were laid before the House.