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HomeLatest NewsMoreThe government has decided to privatize PIA

The government has decided to privatize PIA

Government approves “PIA” privatization; cabinet committee confirms.

According to the details, the Cabinet Committee on Privatize approved the inclusion of PIA in the privatization list in a meeting chaired by Finance Minister Ishaq Dar.

The committee also approved the hiring of a financial advisor for the privatization of the Roosevlet Hotel, according to the meeting statement.

Click here to read news in Urdu

It should be remembered that according to the writers news agency, the government has included the national airline in the list of privatize programs after amending the law.

According to writers, Pakistan’s national airline is running at a loss, so the government has chosen to sell it. The decision to privatize the national airline was taken yesterday in a cabinet meeting chaired by Finance Minister Ishaq Dar.

According to the news agency, this decision has been taken in accordance with the IMF agreement as PIA is losing billions of rupees every year. The cabinet committee has also decided to hire financial experts for Roosevelt Hotel New York. .

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