State-owned airline Pakistan International Airlines’ (PIA) privatization plans have been postponed until mid-2016, following what the government described as “legal obstacles in finalizing the transaction structure.” In 2014, the Pakistan government agreed to a sell off parts of various strategic state-owned assets, including power corporations and steelmakers as well as PIA. The move to divest corporations was a condition of a $6.7 billion loan deal with the International ...

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