Pakistan s caretaker cabinet has granted approval for the privatisation of the financially struggling Pakistan International Airlines (PIA), a plan recently sealed by the interim government. Despite a directive from the election panel to halt any final deal, the approval is crucial for initiating the airline s sale. The restructuring divides PIA into two entities, TopCo for sale and HoldCo for legacy debt.
Pakistan approves plan to sell PIA airline on eve of election
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Pakistan approves plan to sell PIA airline on eve of the election
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PM Kakar-led Cabinet approves plan to sell Pakistan International Airlines on eve of election
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