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Why is the sale of Pakistan’s national airline stirring a political storm?
PIA has been sold for $482m to a consortium led by finance mogul Arif Habib. But the military gets a piece, too.
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arabnews.com
Pakistani consortium acquires 75 percent stake in PIA in major privatization move
ISLAMABAD: Pakistan on Tuesday concluded the long-awaited privatization of its loss-making national flag carrier, the Pakistan International Airlines (PIA), with Arif Habib Group…
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Pakistan PM calls PIA privatization ‘vote of confidence’ as government pushes reforms
KARACHI: Prime Minister Shehbaz Sharif said on Tuesday the privatization of state-owned Pakistan International Airlines marked a “vote of confidence” in the country’s economy, as…
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Pakistan says Roosevelt Hotel deal still being structured after PIA sale
ISLAMABAD: Pakistan’s defense minister Khawaja Asif said on Wednesday the government was working on structuring a transaction for the Roosevelt Hotel in New York, a day after a…
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Flag carrier PIA to be run by new owners from April, says Pakistan official
KARACHI: Pakistan International Airlines (PIA) is expected to be run by a new owner from April next year and receive fresh capital under a deal to privatize the flag carrier, the…
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aljazeera.com
Why is the sale of Pakistan’s national airline stirring a political storm?
PIA has been sold for $482m to a consortium led by finance mogul Arif Habib. But the military gets a piece, too.