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The Nexus
BUSINESSJul 1 · 02:35 UTCDAWN[email protected] (Editorial)

PIA’s privatisation

PIA's management control has been transferred to a consortium including private investors and the Fauji Foundation, with a Rs10bn upfront payment and a commitment of Rs125bn for restructuring and improvements. The airline faces challenges such as financial losses, competition from Gulf carriers, and structural constraints despite privatisation.

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Pakistan International AirlinesorganizationFauji FoundationorganizationGulf carrierstopicprivatisation authoritiesorganizationConsortiumorganization
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