The government, as confirmed by sources within the Prime Minister’s Office, has formally commenced the privatisation procedure for Pakistan International Airlines Corp (PIA) by issuing a gazette notification.
This notification delineates the transition of the national airline into a government holding company.
Notably, PIA has experienced a persistent surge surpassing its previous peak performances. Despite being a loss-making entity, the airline has encountered fluctuations in recent trading sessions.
Its stock price has escalated by 2.37 times this month alone and an astounding 7.6 times within the current fiscal year.
This rally can be attributed to the new government’s endeavors aimed at restructuring and privatising the airline.
