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President Asif Ali Zardari on Friday gave his assent to the Pakistan International Airlines Corporation (Conversion) (Repeal) Bill, 2026, fulfilling all necessary legal requirements for the national carrier’s privatisation.
The original bill, which now stands repealed, was passed in January 2016, and sought to convert the national flag carrier into a public limited company.
Confirming the development in a statement, the presidency said that following the approval, “all the necessary legal formalities and requirements for the completion of the privatisation process of Pakistan International Airlines Company Limited (PIACL) have been fulfilled”.
It added that the bill was passed by the Senate on June 10 and subsequently received approval from the National Assembly on June 11, before being sent to the president for his assent.
