Pakistan seeks to privatize national airline PIA, inviting bids by June 3 to meet IMF requirements.

Pakistan is restarting the process to privatize its national airline, Pakistan International Airlines (PIA), inviting bids for a majority stake by June 3. This follows a previous failed attempt and is part of the government's effort to meet International Monetary Fund (IMF) requirements. The government offers incentives like sales tax exemptions on aircraft purchases to attract investors, as PIA reported its first profit in over two decades.