The government is speeding up the privatization of PIA
Islamabad: The federal government has prepared a framework for sharing the assets and liabilities of the national carrier — Pakistan International Airlines (PIA) — as part of its privatization process. According to official documents seen by The Express Tribune, the airline’s assets and liabilities have been split between PIA and a holding company. The government has revealed that the total value of PIA’s assets is Rs 171.43 billion. Once the privatization process is completed, PIA’s assets along with its liabilities will be divided between the holding company and the new company that will take over the airline. The documents show
