Europe Asia News

Pakistan's Deputy Prime Minister and Foreign Minister Ishaq Dar announced the successful completion of the first financial close in the privatization process of Pakistan International Airlines (PIA).

Dar described the process as a "milestone" for the country, saying the transaction was completed through intensive work, coordination, and efficiency among government institutions.

The statement said the development reinforces the government's commitment to transparent governance, economic reforms, and strengthening investor confidence.

Dar thanked all parties involved in the process and emphasized that the privatization marks an important achievement for Pakistan's economy.