PC approves structure for 51pc stake sale in PIA

The Privatization Commission Board, chaired by Minister Fawad Hasan Fawad, has greenlit the transaction structure for the sale of a 51% stake in Pakistan International Airlines.
Ernst & Young-led consortium presented the proposal, suggesting the sale of the majority stake along with the division of PIA’s assets and liabilities.

Despite the government’s eagerness for foreign…

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News Source: pakobserver.net