Bankrupt Pakistan is trying to sell PIA again after no buyer last year; Asim Munir-backed Fauji Foundation also in the race
Pakistan will try to sell its state-owned airline, Pakistan International Airlines (PIA), one more time on December 23, according to state media. The long-struggling carrier is being privatised under the country’s $7 billion International Monetary Fund (IMF) bailout plan, which pushes the government to reform or exit loss-making public firms. This will be Pakistan’s first…