ISLAMABAD: Secretary of the Privatisation Commission has told Senate Standing Committee here on Thursday that denationalisation of PIA process would be completed by 1st October, 2024.
It is pertinent to mention here that PIA’s BoD during its 83rd meeting held here on 26th March, has approved the privatization and restructuring plan of Pakistan’s National Flag Carrier PIA.
In order to figure out a plan, caretaker government had engaged a global financial advisory firm Ernst & Young that managed to prepare a plan apropos PIA. Moreover, IMF too had advised Pakistan to get rid of loss-making entities enabling the bleeding economy to revive.
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