Pakistan International Airlines (PIA), the national flag carrier, is poised for privatization, marking a major step in its restructuring. The government has announced plans to remove the airline’s existing liabilities, making it more attractive to potential investors.
The Pakistani government is set to hold the final auction for Pakistan International Airlines (PIA) on October 30, 2024, marking a significant step in its broader economic reform agenda. This privatization move, supported by the International Monetary Fund (IMF), aims to alleviate the national carrier’s financial struggles while addressing broader economic challenges through structural reforms….
