Pakistan has taken a major step to sell its state-owned Pakistan International Airlines (PIA) under the pressure from the International Monetary Fund (IMF), as per IMF's conditions for a USD 7 billion loan package, as per reports. IMF team is evaluating and reviewing the USD 7 programme and Pakistan has to convince it to secure next tranche of USD 1 billion. Pakistani government tried to sell PIA last year in 2024, due to heavy losses.

The government has put up for sale a stake ranging from 51% to 100%. However it could not get an attractive offer, with the only bid of Rs 10 billion from a local real estate developer. The bid was rejected and the plan was cancelled.

PM Shehbaz Sharif held meeting for privatization of PIA

Pakistan PM Shehbaz Sharif held a meeting with all corporate entit

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