Pakistan will hold bidding on December 23 to sell its state-owned carrier, Pakistan International Airlines (PIA), state media reported on Wednesday. Also Read: PIA apologises for controversial ad featuring Eiffel Tower after brutal trolling The loss-making airline is being privatised as part of a $7 billion International Monetary Fund (IMF) program , which requires the federal government to reform or divest struggling state enterprises. A previous attempt to offload PIA last year was scrapped after the government failed to receive a sufficiently attractive offer. Prime Minister Shehbaz Sharif met with corporate entities and company representatives involved in the process, according to a press release shared by state broadcaster PTV News. “PIA’s bidding will take place on
Loss-making PIA on block: Pak moves to sell national carrier; previous bid failed
The Times of India1 hrs ago
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