Pakistan's economic collapse has reached a new low. The country is being forced to sell its national airline, Pakistan International Airlines (PIA), just to keep IMF money flowing.
The Desperation
Prime Minister Shehbaz Sharif announced that PIA's bidding will take place on December 23, broadcast live across all media platforms. This isn't Pakistan's first attempt. They tried selling PIA last year but cancelled after receiving ZERO good offers. Nobody wanted Pakistan's loss-making disaster of an airline. Now, with the IMF breathing down their necks, they have no choice but to try again.
The IMF Gun To Pakistan's Head
The sale of 51-100% of PIA is a mandatory condition for Pakistan's USD 7 billion IMF bailout package approved in September 2024. While USD 1 billion was released immediate

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