Tag Archives: restructuring

Introduction: The Pakistan government has outlined a major plan to restructure and revive the financially strained Pakistan International Airlines (PIA) under a public-private partnership model. The plan involves transferring assets and liabilities to a new holding company, selling shares in the international market, and streamlining operations to address the national carrier’s debt and losses. Key Plan Details: Under the PIA …

Introduction: Pakistan International Airlines (PIA), once a symbol of national pride, finds itself grappling with an overwhelming financial crisis. Recent reports reveal that PIA’s overall losses are projected to exceed Rs800 billion by the end of the current year, creating a daunting challenge for the airline. In a recent briefing to the prime minister, possible reforms and strategies were discussed …