Government Shortlists Five Potential Buyers for PIA Privatisation

The federal government has shortlisted five potential buyers for the privatisation of Pakistan International Airlines (PIA), marking a significant step in the airline’s restructuring process. The Privatisation Commission confirmed the receipt of expressions of interest from domestic and international investors. The shortlisted parties will now proceed to the next phase of bidding. Authorities view this move as crucial for reviving the loss-making national carrier and reducing the burden on public finances, as part of broader economic reforms.