Cash-Strapped Pakistan Likely To Privatize National Flag Carrier: Report

The shortlisted companies have sought details related to PIA and asked for time till July to review the financial issues of the national airline.

Cash-strapped Pakistan is likely to privatize its national flag carrier by the first week of August, a media report said on Wednesday.

The much-anticipated privatization of Pakistan International Airline (PIA) has been on top of the agenda of the government after the groundwork was completed by the caretaker government that was in place to organize elections.

Citing sources close to the development, private television channel ARY News reported that six companies have been shortlisted for the privatization of the national flag carrier.