Pakistan Aims to Handover Airline Control to New Buyer in April
Passengers board a Pakistan International Airlines flight in Kabul.
Photographer: Aamir Qureshi/AFP/Getty ImagesPakistan’s government is planning to handover the control of its national carrier to the Arif Habib Group-led consortium by the end of this month, as the South Asian nation moves to meet a key International monetary Fund condition of selling its stakes in state-owned firms.
“End of April is the target and we are working on meeting all the conditions” for handing over the management control of Pakistan International Airlines Corp., said Muhammad Ali, the adviser to Prime Minister Shehbaz Sharif on Privatization, in an interview on Tuesday. However, he said, time line to handover the control in the carrier may be moved ahead by a week or two because of the US-Iran war.