An adviser for the deal tells Pakistan’s ministry of defence production and aviation that 'seven international investors including Germany, France, Netherlands, Qatar, UAE, Malaysia and Turkiye have shown interest' besides local groups
Cabinet directs the Cabinet Sub-Committee on Privatisation to deal with the matters related to the PIA financial settlement of government-owned enterprises
Two sources close to the process say 51% stake with full management control would be offered to buyers after parking airline’s debts in a separate entity, under the 1,100 page report from Ernst & Young
