PIA majority shares to be sold

by malinga
April 7, 2024 1:09 am 0 comment 1.6K views

Islamabad, Pakistan (ANI): The federal government is contemplating selling the majority shares of Pakistan International Airlines (PIA), ARY News reported, citing a government official.

The Privatisation Commission will decide on the number of shares the government will sell as it nears the conclusion of the PIA privatisation process, Coordinator to Prime Minister on Economy and Energy Bilal Azhar Kayani said during his appearance on ARY News show ‘KHABAR’.

According to Azhar Kayani, the government was considering selling around 51 per cent to a complete 100% share of the national flag carrier, as per ARY News.

According to him, the matters related to PIA’s retired employees were shifted to the PIA Holding Company, however, he said that the pension disbursement to the retired workers will not be hindered due to the holding company.

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