Pakistan plans to privatize PIA and other state-owned enterprises to address debt and seek an IMF bailout.
Pakistan plans to privatize dozens of state-owned enterprises, including the struggling national flag carrier Pakistan International Airlines (PIA), in a bid to boost the economy and seek a bailout package from the IMF. The government's largest state-owned asset, PIA, has accumulated losses of approximately $3.6 billion over the past 20 years. The privatization of PIA and other state-owned enterprises will aim to raise funds to address Pakistan's debt and low-growth crisis, with the government seeking a $6-8 billion bailout from the IMF.
May 22, 2024
9 Articles