Pakistan approves bill transferring PIA assets, liabilities and control to new owners

The Pakistan International Airlines corporation has officially approved the final bill authorizing a shift in asset transfers, ownership structure, and operational control. After months of negotiations and approvals, subsequent procedural pauses were resolved to ensure compliance, positioning the private transition as imminent. All regulatory prerequisites have now been fulfilled, marking the effective completion of the privatization process for Pakistan International Airlines (PIA). The process, built on stable foundations, reflects a pivotal milestone toward strengthening PIA’s domestic presence and market competitiveness.

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