https://sputniknews.in/20240202/loss-making-pia-poised-for-privatisation-after-pakistan-elections-report----6419158.html
Loss-Making PIA Poised For Privatisation After Pakistan Elections: Report
Loss-Making PIA Poised For Privatisation After Pakistan Elections: Report
Sputnik India
Privatisation of loss-making state-owned companies would be a logical step forward for any administration that assumes control of the Pakistan government after the elections.
2024-02-02T15:57+0530
2024-02-02T15:57+0530
2024-02-02T15:57+0530
political affairs
pakistan international airlines (pia)
pakistan
elections
business
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economic challenges
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Pakistan International Airlines (PIA), may be sold after the upcoming general elections on February 8. PIA has been facing financial difficulties for more than two decades, a report revealed.The present caretaker administration is engaged in binding plans to sell the state-owned PIA, according to the report, citing the minister in charge of the process and other officials.In the past, the government shied away from embarking on any such reforms, but the ongoing economic crisis has forced the country's political leadership to overhaul loss-making state-owned enterprises under a deal with the International Monetary Fund (IMF) for a $3 billion bailout.The government decided to privatise PIA just weeks after signing the agreement with the IMF.
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pakistan international airlines (pia), general elections on february eight, international monetary fund (imf),
pakistan international airlines (pia), general elections on february eight, international monetary fund (imf),
Loss-Making PIA Poised For Privatisation After Pakistan Elections: Report
Privatisation of loss-making state-owned companies would be a logical step forward for any administration that assumes control of the Pakistan government after the elections.
Pakistan International Airlines (PIA), may be sold after the upcoming general elections on February 8. PIA has been facing financial difficulties for more than two decades, a report revealed.
The present
caretaker administration is engaged in binding plans to sell the state-owned PIA, according to the report, citing the minister in charge of the process and other officials.
In the past, the government shied away from embarking on any such reforms, but the ongoing economic crisis has forced the country's political leadership to overhaul loss-making state-owned enterprises under a deal with the International Monetary Fund (IMF) for a $3 billion bailout.
The government decided to privatise PIA just weeks after signing the agreement with the IMF.
