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Pakistan plans to sell a majority stake in its national airline, PIA, to raise funds and reform.
Pakistan is moving forward with plans to sell a majority stake in its national airline, Pakistan International Airlines (PIA), to raise funds and reform state-owned enterprises.
Four investors, including two business consortia and two individual bidders, have been prequalified.
The government aims to finalize the sale by the end of 2025.
Separately, the Cabinet Committee on Privatization has approved a joint venture model for the sale of the Roosevelt Hotel in New York, a significant overseas asset.
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Pakistán planea vender una participación mayoritaria en su aerolínea nacional, PIA, para recaudar fondos y realizar reformas.