💨 Abstract

Pakistan's national carrier, Pakistan International Airlines (PIA), received a low, undervalued bid of $36 million in its latest privatization attempt, causing concern due to the airline's financial struggles, corruption issues, and political interference concerns. The lack of interest from potential investors stems from PIA's limited fleet, restricted routes, outdated brand, and substantial debt. A previous pilot license scandal further tarnished the airline's reputation.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖