Pakistan to Sell 75% Stake in Flag Carrier PIA, Report Says
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Pakistan plans to sell a controlling stake in the national flag carrier, a long-struggling enterprise central to the government’s privatization drive.Pakistan International Airlines (PIA) will see 75% of its shares offered in an auction on Dec. 23, with bidders given the option to acquire the remaining 25% at a premium, the Express Tribune reported, citing Muhammad Ali, the prime minister’s adviser on privatization.