Pakistan’s caretaker government is seeking to finalise the partial privatization of PIA, the national airline, but the election commission may stop the deal.
The caretaker government has reached an agreement with local lenders for a ten-year debt rollover, allowing for the partial privatization.
The prime minister claims that the transfer of the bank’s debt has already taken place, making it difficult to reverse the privatisation process.
There is uncertainty about whether the election commission has the authority to prevent the caretaker government from proceeding with the privatisation.
Nawaz Sharif leader of the Muslim League-Nawaz party expected to win the upcoming electio and the presumptive Finance Minister, Ishaq Dar, have expressed support for divesting PIA and say they will “fast track” the process.
