Pakistan has completed the privatisation of its national airline, selling Pakistan International Airlines (PK) for Rs 135 billion ($482 Million) after a competitive bidding process in Islamabad (ISB).
PIA Privatization
Pakistan International Airlines (PIA), the national flag carrier of Pakistan, is set for privatisation by November this year as the government moves forward with its long-awaited restructuring plan.
Pakistan’s national airline prepares for European route revival amid strategic reforms, marking crucial progress in its privatization journey.
On Monday, the government granted approval to incorporate Pakistan International Airlines (PIA), the leading entity facing substantial losses, into the ongoing active privatization initiative.