According to the framework, 40% of the shares will be sold in the international market to run the national airline under the public-private partnership mode and the management will also be outsourced. In the second phase, the national airline will be restructured and run through the public-private partnership mode. According to the documents, the PIA suffered a loss of Rs110 billion in the one and a half years of the current government. The documents revealed that the annual loss of the PIA would reach Rs259 billion in 2030. Due to the ban on UK and European flights, the PIA suffered a collective loss of Rs215 billion.

Source: The Express Tribune August 07, 2023 19:23 UTC