Pakistan seeks to privatize its national airline, PIA, aiming to complete the sale by year-end.

Pakistan plans to restart the privatization process for its national airline, Pakistan International Airlines (PIA), with fresh bids this month, aiming to complete the sale by year-end. The airline reported its first profit in over 20 years, which could attract better valuations from potential buyers. The government aims to offload a 51-100% stake in PIA as part of efforts to reform state-owned enterprises under a $7 billion IMF program.