Archive · 5 Dec 2025
Pakistan to Privatize Financially Struggling PIA
Pakistan International Airlines, once a proud symbol of the country, is in big trouble.
It has a lot of debt and has been losing money for years.
The government is trying to sell it to private companies to fix these problems.
PIA used to be one of the best airlines, but now it has old planes, safety issues, and many complaints from passengers.
The government hopes that selling it will help make it better again.
But many people are worried about what will happen to the employees and if the new owners can really fix all the problems.
PIA was founded in 1946 as Orient Airways and nationalized in 1955.
The airline is facing a debt of Rs 825 billion ($9.18 billion) with assets valued at Rs 161 billion.
PIA reported a loss of Rs 75 billion in 2023.
The government plans to privatize PIA on December 23 to reduce financial burden and align with IMF demands.
PIA has faced safety issues, including a crash in 2020 and revelations of pilots with fake licenses, leading to bans from Europe, the UK, and the US.
- Who
- Pakistan International Airlines (PIA)
- What
- Privatization of PIA due to financial distress
- When
- Bidding on December 23
- Where
- Pakistan
- Why
- To reduce financial burden and restore credibility
- Founded
- 1946 (as Orient Airways)
- Nationalized
- 1955
- Current Debt
- Rs 825 billion ($9.18 billion)
- Current Assets
- Rs 161 billion
- Loss in 2023
- Rs 75 billion
- Bidding Date
- December 23
- IMF Program
- USD 7 billion