PIA

IMF “Encouraged” by Pakistani Airline Reform Step, Awaits More Plans

By Mehreen Zahra-Malik ISLAMABAD, April 13 – The International Monetary Fund is encouraged that Pakistan will convert its cash-strapped national airline into a limited company but said on Wednesday it will see if the reforms go far enough in restructuring the company. Parliament adopted a law on Monday to convert Pakistan International Airlines (PIA) into

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Pakistan Shelves Privatization of National Airline With New Law

By Mehreen Zahra-Malik ISLAMABAD, April 12  – Pakistan‘s parliament has adopted a law that will convert the cash-strapped national airline into a limited company but bar the government from giving up its management control, officials said on Tuesday. The passage of the law, which blocks selling off a majority share in Pakistan International Airlines (PIA),

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