ISLAMABAD: The Pakistani government has confirmed to the International Monetary Fund (IMF) that it will privatize Pakistan International Airlines (PIA) by July 2025, alongside multiple other public enterprises. However, the future of Roosevelt Hotel in New York remains uncertain, especially after the U.S. government decided to terminate a $228 million lease deal prematurely. Key Highlights […]
Tag: PIA privatisation
Pia Sell-off Bids Start Today
Bidding Begins for Pakistan International Airlines’ (PIA) Privatisation: A Major Step Towards Economic Reform The long-awaited privatisation process of Pakistan International Airlines (PIA) has officially begun, marking a significant milestone in Pakistan’s economic reform efforts. On Thursday, bidding opened with six pre-qualified companies in the running. This privatisation, encouraged by the International Monetary Fund (IMF), […]