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Pakistan looks to sell majority stake in PIA to Qatar

 
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The_Goat
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Joined: 03 Mar 2007
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Location: South of France

PostPosted: Fri Aug 19, 2022 1:43 pm    Post subject: Pakistan looks to sell majority stake in PIA to Qatar Reply with quote

https://gulfnews.com/business/aviation/pakistan-looks-to-sell-majority-stake-in-pia-to-qatar-report-1.89972376

Dubai: Pakistan is likely to offer a 51 per cent stake in its flagship carrier to Qatar during a planned state visit next week.

The government on Monday shelved a plan to sell two LNG-fired power plants to Qatar and instead decided to offer 51 per cent stakes in the Roosevelt Hotel, New York, and the Pakistan International Airlines (PIA), said a report in The Express Tribune, citing sources familiar with the matter.



PIA has an even worse babu-neta-sifarish culture than what AI used to have. It will be interesting to see how they will cope with Qatar's management.
Maybe a good dose of Akbar Al Bakar is what poor old PIA needs.
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