Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission, confirmed that the PIA privatisation process will not be completed within the IMF's stipulated timeframe, as per ARY News.
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Pakistan International Airlines (PIA) remains barred from operating flights to and from the UK, as the British government confirmed that the air safety ban remains in place. Despite earlier hopes of a review, UK authorities state that restrictions will only be lifted after a rigorous approva
The dominance of foreign airlines on international routes presents a significant growth opportunity for Indian carriers, according to a report by rating agency ICRA.
This decision was made during a meeting of the Privatisation Commission Board, chaired by Muhammad Ali, the adviser to the prime minister on privatisation.
The terminal was closed in the aftermath of the October 7 attacks as international airlines suspended their flights to Tel Aviv. The terminal initially reopened in June 2024, but the Airports Authority subsequently closed it in November to make renovations.
Yemen's Minister of Transport, Abdul Salam Saleh Humaid, announced the resumption of international flights to Aden by airlines including African Express Airways, Air Djibouti, and Royal Jordanian, highlighting the UAE's support in reviving Yemen's aviation sector.
Pakistan's Deputy Prime Minister and Foreign Minister Ishaq Dar criticised the post while quoting the country's chief executive during his address to the upper house of the parliament, as per Geo News.
Originally scheduled to begin operations on January 1, 2025, the airport, which is a key part of the China-Pakistan Economic Corridor (CPEC), will now remain closed indefinitely, the Balochistan Post reported.
Pakistan International Airlines (PIA) is gearing up to resume flights to the United States after 7 years of suspension, marking a significant advancement in the country's aviation sector.
The Pakistani government is intensifying efforts to privatize Pakistan International Airlines (PIA) through government-to-government (G2G) agreements, with a deadline set for December 31, ARY News reported on Saturday, citing sources.
Pakistan International Airlines (PIA) may be sold to a foreign government, with the Privatisation Commission reportedly rejecting a Rs10 billion bid from the Blue World Consortium, ARY News reported on Wednesday, citing sources.