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Pakistan aims to privatise PIA airlines before general elections: Minister

The new plans focus on splitting up PIA with the core airline business being separated from vast peripheral operations

Reuters  |  Islamabad 

Pakistan will try to privatise its national airline before general elections due this year, privatisation minister Daniyal Aziz said, as the ruling party seeks to restart sales of state-run businesses. Pakistan International Airlines (PIA), haemorrhaging money and losing market share to Gulf-based rivals such as Etihad and Emirates, has been hit by management turmoil in recent years and a 2016 plane crash that led to 47 deaths. The privatisation of loss-making entities that were draining the exchequer was a key priority for the Pakistan Muslim League-Nawaz (PML-N) party when it ...

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First Published: Sun, January 14 2018. 21:02 IST