Pakistan: Government wants to speed up PIA sale

The Pakistani government wants to accelerate the sale of Pakistan International Airlines. You don't really do this voluntarily, but there is considerable pressure from the International Monetary Fund.

Within a few hours, the new government pushed the plan for gradual privatization through the committees. There should also be changes on the board of the state-owned company. Background: Pakistan has received loans from the IMF. The terms of the contract also include the privatization of PIA. Now there is a particular hurry because the last tranche of the three billion US dollar loan is due to be paid out in April 2024. Apparently they don't want to endanger this.