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Pakistan extends deadline to buy stake in PIA, aiming to privatize the airline by June 19.
Pakistan has extended the deadline for expressions of interest in purchasing a stake in Pakistan International Airlines (PIA) to June 19.
The government aims to sell between 51% to 100% of the debt-ridden airline to raise funds and reform state-owned enterprises under a $7 billion IMF program.
PIA reported its first annual profit in over two decades in April.
The government hopes to complete the privatization process this year.
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Pakistán prolonga el plazo para comprar participaciones en PIA, con el objetivo de privatizar la aerolínea antes del 19 de junio.