Pakistan International Airlines (PIA) is on track for privatisation, free from existing liabilities, as the government resolves longstanding challenges to attract investors. Federal Privatisation Minister Abdul Aleem Khan announced key developments to facilitate the process, including International Monetary Fund (IMF) support and the removal of barriers hindering the airline’s sale.
The IMF has agreed to waive the 8% general sales tax on new aircraft purchases and transfer PIA’s accumulated losses to a holding company. This ensures the airline will be privatised without financial baggage, making it a lucrative opportunity for potential buyers.
Highlighting progress, the minister praised PIA’s recent resumption of European flights, calling it a milestone that boosts the airline’s credibility and opens doors for expansion to destinations like the United Kingdom and the United States. This move strengthens PIA’s reputation, enhancing its appeal in the privatisation process.
The privatisation initiative aims to restore PIA’s operational efficiency and market competitiveness. Khan assured that the process is advancing rapidly and expects significant progress in the coming months. He emphasized that resuming European routes has rekindled public confidence in the national carrier.
As PIA targets operational expansions and enhanced service quality, the government remains committed to marketing the airline as a viable investment opportunity. These efforts are expected to transform PIA into a modern, efficient, and competitive entity under private sector management.
