PIA privatization process to be completed by October: Khawaja Asif
Federal Aviation Minister Khawaja Asif has announced that the privatization process of Pakistan International Airlines (PIA) will be completed by the end of October. Speaking during a session of the National Assembly, Asif stressed the urgent need for privatisation, citing the airline’s heavy debt of Rs. 800 billion The minister responded to a notice calling attention to the prolonged closure of Hyderabad airport for commercial flights, explaining that resumption of PIA operations on this route is not financially feasible due to the airline’s mounting debt. “Routes that are not economically viable cannot operate,” he added. Asif also noted that the
