Brief by Shorts91 Newsdesk / 05:27pm on 03 Dec 2025,Wednesday India
Pakistan will sell a majority stake in Pakistan International Airlines (PIA) to meet IMF loan conditions. The bidding will take place on December 23 and will be shown live. Four bidders, including the military-linked Fauji Fertiliser, have qualified. The sale is part of the $7-billion IMF package that demands major reforms. PIA has struggled for years due to huge debts, weak management and major scandals, including pilots with fake licences. The airline also lost key routes after global bans in 2020. Pakistan hopes the privatisation will reduce losses as its economy remains under severe stress. (PC: India Today)
