A Pakistan International Airlines (PIA) plane prepares to take off at Allama Iqbal International Airport in Lahore. – Reuters/File There is only one day left until the deadline for submitting privatization bids for PIA. Concerns loom over potential delays in the PIA sale. The privatization of the General Investment Authority is a priority within the … Read more
A Pakistan International Airlines (PIA) plane prepares to take off at Allama Iqbal International Airport in Lahore. – Reuters/File Parliamentary Secretary for Communications briefs NA. The government delayed the process due to low interest from bidders and problems. The minister says the privatization of PIA was an elaborate process. ISLAMABAD: The current government has decided … Read more
This photo shows a Pakistan International Airlines (PIA) plane. – AFP/File Bidders say the risks outweigh the rewards without 100% ownership. An investment of $500 million cannot be justified without full management. The national carrier is burdened with liabilities worth Rs 200 billion. ISLAMABAD: Days after Finance Minister Muhammad Aurangzeb reassured about the privatization of … Read more