The board of directors of Pakistan International Airlines (PIA) has approved the government’s plan to privatise the national flag carrier ahead of the country securing a new International Monetary Fund (IMF) loan programme, estimating to fetch $250-300 million through the sell-off likely to a Middle Eastern country.
Following its reconstitution on Friday, March 22, the board of directors convened its first meeting on Monday and committed to the government’s timeline to privatise PIA by June 15, 2024.
