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Pakistan’s national carrier PIA has attracted strong interest from top business groups and FFC, as the government looks to privatize state-run enterprises under I.M.F. conditions. Expressions of interest for up to 100% stake are due soon, following PIA’s first operating profit in 21 years. Previous attempts failed due to debt and ownership conditions. The airline’s restructuring, tax incentives, and restored EU flights have renewed investor interest. Bidders include Yunus Brothers, Arif Habib consortium, F.F.C, and P.I.A. employees. Success depends on full government divestment and international route expansion plans.
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