Shahid Khaqan Abbasi is not owner of Air Blue, Sadiqe Ul Farooq opens

Urdu speaking

Minister (2k+ posts)
He is right, the actual owner is someone lives in Canada/US....Shahid qhaqan abbasi is just a chief operating Executive who is running the business in Pakistan the actual owner is sleeping partner
 

Haristotle

Minister (2k+ posts)
They put the real owner to sleep, that is why they are called sleeping owner.
A corrupt never uses his own name, neither in the property nor in businesses and investments.
 

Pakistan2017

Chief Minister (5k+ posts)
He is right, the actual owner is someone lives in Canada/US....Shahid qhaqan abbasi is just a chief operating Executive who is running the business in Pakistan the actual owner is sleeping partner

Chief Operating Executive or Chief Executive Officer (CEO)? However. in any case he is supposed to be physically involved in the operation of the airline. Then, the question arises that does our constitution allow a person, working with a private concern and also becomes Prime Minister, who has an access to our national secrets and nuclear installation/programmes?
 

Pakistan2017

Chief Minister (5k+ posts)
Can any body trust this siddiqul farooq, who is a shameless liar. He has been defending noora at different tv channels, whereas, some times back he admitted on a tv channel that noora family owned evanfield apartments since 1996 which he visited in 1996.
 

bhaibarood

Chief Minister (5k+ posts)
Chief Operating Executive or Chief Executive Officer (CEO)? However. in any case he is supposed to be physically involved in the operation of the airline. Then, the question arises that does our constitution allow a person, working with a private concern and also becomes Prime Minister, who has an access to our national secrets and nuclear installation/programmes?
Same way when it allows drunk and corrupt Generals who sold the motherland and its men for few pennies
 

Will_Bite

Prime Minister (20k+ posts)
People seem to be clueless about what qualifies as 'ownership' of a corporate entity. Media and PMLN are leading people to think that the CEO of a company is the 'owner', since he is the highest placed executive of the company..
Here is how it works.

CEO is not the owner of a company. He may be given some shares as performance incentive, but he does not hold a lot of shares.

Directors in a private unlisted company are generally those who hold majority of the shares, and hence, ownership of the company. Being a director allows a majority shareholder to be a part of the decision making process, regarding salaries, purchases, sales, routes, etc.

Khaqan Abbasi has merely resigned from the directorship of the company. He has not ceased to be a major shareholder of the company. He still holds a vast number of shares.

That basically means that his financial interest is still tied to Airblue, and being a major shareholder, he still wields significant amount of influence over the board of directors. Let him sell off his shares, and then we will see true independence.
 

Pakistan2017

Chief Minister (5k+ posts)
Same way when it allows drunk and corrupt Generals who sold the motherland and its men for few pennies

Generals, who took the power by force, were usurpers not public representatives. They violated constitution and could do unlawful things. Whereas, the PM is elected representative of Parliament, a Government Servant, who has to abide by Services Rules.
 

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