Loss-making PIA on block: Pak moves to sell national carrier; previous bid failed
Pakistan is set to auction its state-owned airline, PIA, on December 23rd as part of a crucial IMF program. This privatization aims to revive the struggling carrier, restore its global flight operations, and meet modern aviation standards. Prime Minister Sharif emphasized transparency in the bidding process, which, if successful, will be Pakistan's first major privatization in two decades.
Pakistan is set to auction its state-owned airline, PIA, on December 23rd as part of a crucial IMF program. This privatization aims to revive the struggling carrier, restore its global flight operations, and meet modern aviation standards. Prime Minister Sharif emphasized transparency in the bidding process, which, if successful, will be Pakistan's first major privatization in two decades.
