Tuesday, May 21, 2024

Pakistan moves to sell national airline in test case for privatization drive

Good news!

"Pakistan International Airlines has been thrust into the spotlight as a test case for the government's ambitious plan to sell off state-owned enterprises as Pakistan seeks a multibillion-dollar package from the IMF to bail out the economy.
 
The national airline, which has lost over $3.6 billion in the past 20 years, is one of more than 80 state-owned companies on the auction block -- ranging from power plants and utilities to a women-focused bank and a hotel in New York."

Is Pakistan's national airline ready to go private?



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