Pakistan’s deepening economic crisis has pushed the country into one of its most dramatic privatisation moves in decades, the sale of Pakistan International Airlines (PIA).

Once considered a premier Asian carrier, PIA is now being offloaded under strict directives from the International Monetary Fund (IMF), which has tied the airline’s divestment to its USD 7-billion bailout package. With Pakistan surviving on loans, rollovers and emergency funding, the IMF-imposed conditions have forced Islamabad into rapid fiscal restructuring.

Prime Minister Shehbaz Sharif announced that the bidding for PIA will take place on December 23, 2025, and will be telecast live across all media platforms in a bid to ensure transparency. The government is offering between 51 per cent and 100 per cent of its st

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