privatization

Prime Minister Shehbaz Sharif announced the successful privatization of Pakistan International Airlines (PIA), calling it a historic day for Pakistan.

Highlighting the government’s commitment to taking speedy and concrete steps to privatize loss-making state-owned enterprises, he said the transparent and highly competitive bidding process marks a major milestone.

The move relieves the economy of a longstanding burden and opens opportunities for growth under private management.

Sharif expressed gratitude to all involved, emphasizing that this step strengthens Pakistan’s economic framework while ensuring better efficiency and service in the national airline.

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