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Pakistan to Privatize PIA in $7 Billion IMF Deal

12/4/2025

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Summary

Story summary

Pakistan will hold a bidding process on December 23 to sell Pakistan International Airlines (PIA) as part of a USD 7 billion IMF program.
The government seeks to offload the loss-making airline under the IMF program.
Prime Minister Shehbaz Sharif said the privatization must be transparent and merit-based and that restoring PIA's global flights is crucial for overseas Pakistanis and tourism.

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Story summary

Pakistan will hold a bidding process on December 23 to sell Pakistan International Airlines (PIA) as part of a USD 7 billion IMF program.
The government seeks to offload the loss-making airline under the IMF program.
Prime Minister Shehbaz Sharif said the privatization must be transparent and merit-based and that restoring PIA's global flights is crucial for overseas Pakistanis and tourism.