ISLAMABAD: Negotiations with IMF officials have been successful while the plan to privatize PIA has been approved.
Negotiations between the officials of the Ministry of Privatization and the Ministry of Finance regarding the privatization of Pakistan International Airlines (PIA) with the International Monetary Fund (IMF) officials have been successful as the IMF has approved PIA within a year. has approved the plan to privatize
Sources say that the loan rescheduling plan for privatization of PIA has been approved in principle in the talks with the IMF. Sources say that the final approval for PIA’s debt rescheduling plan will be taken from the federal cabinet.
According to Privatization Commission and Ministry of Finance plan, IMF has approved the privatization plan of PIA.
