Cash-strapped Pakistan is going to sell its national air carrier, Pakistan International Airlines (PIA). Facing strict conditions of the International Monetary Fund (IMF), a foundation under the Pakistani Army, Fauji Fertilizer Company Limited (FFCL), is also among the bidders that will make a bid for the airline.

With reference to Pakistan Prime Minister Shehbaz Sharif, a report suggests that all Pakistani media will broadcast the auction live.

According to the Dawn newspaper, disinvestment of 51%–100% in PIA is one of the major conditions of the IMF bailout package. According to the disinvestment minister, Muhammad Ali, who told Reuters that the Pakistan government aims to earn 86 billion through privatisation. The government of Pakistan will get only 15% of the income from the final b

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