Islamabad: Pakistan will have to sell off its flag-carrier Pakistan International Airlines (PIA) if it wants the USD 7 billion economic package from the International Monetary Fund (IMF). Among the four companies that have pre-qualified for the bidding is Fauji Fertiliser Company Limited, part of the military-controlled Fauji Foundation, India Today has reported.

Pakistan prime minister Shehbaz Sharif met the bidders in Islamabad on Wednesday and has been quoted as saying that PIA’s bidding will take place on December 23, 2025 and the process be broadcast live on all media. ADVERTISEMENT

Dawn has reported that divestment of 51-100% in the struggling PIA is part of conditions set by the IMF for the economic package. Geo TV has also reported the same.

“We’re targeting Rs 86 billion in pr

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