Pakistan has unveiled plans to privatize its struggling national airline, Pakistan International Airlines (PIA), in a move aligned with the country’s broader efforts to enhance economic efficiency. The decision was announced on Monday after a meeting of the Cabinet Committee of Privatization, led by Finance Minister Ishaq Dar.
Just another IMF condition
The move to privatize PIA comes as part of Pakistan’s commitment to an International Monetary Fund (IMF) agreement. Alongside this decision, the government is also considering outsourcing its airport operations to streamline services and improve overall efficiency.
The decision to privatize PIA reflects a strategic effort to restructure the national carrier, which has been grappling with financial challenges for years. This move aims to inject fresh investment and managerial expertise to revitalize the airline’s operations, ensuring its long-term sustainability.
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As Pakistan embarks on this ambitious privatization endeavor, it sets its sights on creating a more competitive and responsive aviation sector while adhering to the conditions of its IMF agreement.
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