From Pride To Distress Sale: Pakistan Sells State-Owned PIA For Rs 135 Billion As Economy Buckles

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Summary: The sale of Pakistan International Airlines marks the end of an era, and the depth of Pakistan’s economic crisis. Sold for Rs 135 billion after a televised bidding process, PIA’s privatisation exposes how unsustainable years of political control and financial mismanagement became. The government had to first absorb over Rs 650 billion in liabilities before finding buyers. Even now, the winning bidder must invest heavily to keep the airline afloat. This is not revival, it is survival. As India st

The sale of Pakistan International Airlines marks the end of an era, and the depth of Pakistan’s ec

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