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Pakistan plans to privatize its national airline, PIA, by November to address $2.5 billion in losses.
Pakistan plans to privatize its national airline, Pakistan International Airlines (PIA), by November 2025, aiming to address the carrier's $2.5 billion in losses over a decade.
Four investors, including major industrial firms and an investment firm, are shortlisted for the sale.
The move is part of broader efforts to privatize state-owned enterprises and align with an IMF program, seeking to improve financial stability and operational efficiency.
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Pakistán planea privatizar su aerolínea nacional, PIA, para noviembre para abordar las pérdidas de $2.5 mil millones.