Fri, 2024-09-20 22:06
ISLAMABAD: Pakistan’s Privatization Commission Board on Friday announced the auction of the country’s national air carrier on October 1 in an official statement released after holding a meeting to evaluate the ongoing sales process.
The government has been seeking to sell Pakistan International Airlines (PIA), which has been burdened with debt amounting to Rs800 billion ($2.9 billion), after approving several bailout packages at the request of its management to cover operational expenses in the past.
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Read the full story at the Arab News Pakistan website.
