Privatising PIA
FINANCE Minister Muhammad Aurangzeb’s reaffirmation that the process of disinvestment of the loss-making national carrier will be concluded by the end of June or early July reinforces confidence in the government’s commitment to privatisation. Reiterating the old refrain “the government has no business being in business”, Mr Aurangzeb declared that the country’s three main airports — in Islamabad, Lahore and Karachi — are next on the list of privatisation. “We expect the bids for PIA to come in the next two to three weeks, and by the end of June or early July, we can move it to the investors,” he told a news briefing at........
© Dawn
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