Pakistan to Hold Live Auction for State-Owned PIA Airline on December 23 Under IMF Program

Dec 04, 2025 10:29 am CST

Pakistan will auction its loss-making national carrier Pakistan International Airlines (PIA) on December 23 as part of a USD 7 billion IMF program. Prime Minister Shehbaz Sharif has promised a transparent bidding process, broadcast live across all media, aimed at restoring the airline's reputation and modernizing its operations to benefit overseas Pakistanis and boost the tourism sector.