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ANI News
ANI News
Islamabad [Pakistan], November 14 (ANI): Pakistan International Airlines (PIA) may be sold to a foreign government, with the Privatisation Commission reportedly rejecting a Rs10 billion bid from the Blue World Consortium, ARY News reported on Wednesday, citing sources. As part of efforts to raise funds and restructure state-owned enterprises under a USD 7 billion International Monetary Fund (IMF) program, Pakistan is seeking to offload a 51-100 per cent stake in the struggling airline. However, the Privatisation Commission has declined the Rs 10 billion bid made by Blue World Consortium, as re…