The privatisation of Pakistan International Airlines (PIA) has been formally cleared by the Ministry of Privatisation, marking a significant milestone in the long-standing effort to sell the national carrier. According to Profit by Pakistan Today, the Ministry issued a speaking order that dismissed all objections raised by workers' unions and other petitioners, thus allowing the privatisation process to proceed without further legal hindrances. Privatisation Secretary Hammad Hashmi stated that the process adhered to legal standards and that objections lacked legal merit, emphasizing that the transaction falls within the executive authority of the Federation under Article 173. The order also dismissed claims of undervaluation of PIA's international and domestic landing slots, which were alleged to be worth Rs270 billion and Rs19 billion, respectively, citing a lack of credible evidence. Dawn corroborates this development, highlighting that the objections were dismissed as they did not demonstrate any breach of constitutional or statutory provisions.
ECONOMY
Pakistan Government Finalizes PIA Privatization Amid Union Objections

Pakistan's Ministry of Privatisation clears PIA's sale, dismissing objections. Legal barriers removed, enabling privatisation. PTA confirms no post-bid changes for upcoming 5G auction.
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Profit by Pakistan Today
Updated 12h agoPR