PIA’s privatisation

THE management control of PIA has finally been transferred to a consortium comprising private investors and the Fauji Foundation. The development marks a new chapter in the history of the airline whose fortunes declined over the past two decades. According to an official statement, the transfer follows the completion of all local and international regulatory approvals, including permissions from global lenders and specialised tax concessions. The privatisation authorities believe the takeover...

By none@none.com (Editorial)