Islamabad (Staff Report): Information Minister Fawad Chaudhry said on Thursday that Vice Chief of Air Staff Air Marshal Arshad Mahmood Malik had been appointed Pakistan International Airlines (PIA) chairman.

Addressed the media after a cabinet meeting chaired by Prime Minister Imran Khan, Fawad announced the appointment of Malik as chairman of PIA and Aoun Abbas’ as chairman of Baitul Mulk.

"PIA is in a debt of Rs406 billion," Chauhdry further said while adding that the national carrier is facing a debt of Rs2 billion every month. "The new chairman of the national carrier has been directed to "immediately fix the institution's economic condition," he said.

"Pakistan's condition is like that of a house looted by thieves. Those responsible for the country’s current state should be taken to court," he added.

Commenting on the housing project, he informed the media that houses will be built on government land and will be leased to people on low rates.