Saturday, March 22, 2025 Pakistan has approved the transaction structure for the privatization of Pakistan International Airlines (PIA), marking a significant step in the government’s broader economic reform and divestment agenda. The decision, made by the Cabinet Committee on Privatization, outlines the framework for how the airline’s assets, liabilities, and operations will be handled during the sale process. This move aims to attract strategic investors, improve efficiency, and reduce the financial burden on the national exchequer, as PIA has long struggled with heavy losses and operational challenges.
In a significant development under the government’s ongoing economic reform agenda, the Privatization Commission Board has moved forward with a major decision regarding the future of Pakistan International Airlines Corporation Limited (PIACL). The meeting, chaired by Muhammad Ali, the adviser to the Prime Minister on privatization, marked a turning point in the privatization process of the national flag carrier. During the session, the board approved a strategic plan to divest between 51% to 100% of the shareholding in PIACL.
This move is not only about selling a stake in the airline but also includes transferring full management control to private investors, signaling a complete shift from public to private sector operation. The decision aims to attract serious investment, improve the airline’s operational efficiency, and ultimately transform it into a profitable an.
