IMF supports conversion of PIA into a limited company

admin
By admin April 14, 2016 20:34

IMF supports conversion of PIA into a limited company

The International Monetary Fund, which provides Pakistan with loans since 2013, has stated that it has been “encouraged that a consensus has been reached on corporatisation of PIA” according to Harald Finger, IMF mission chief for Pakistan, who spoke with Reuters. He added that the IMF needed to “study the approved bill and discuss with the authorities their emerging plans to run PIA strictly as a commercial entity and strengthen its performance in the absence of a transfer of management control to a private investor.”

Meanwhile, the Export-Import Bank (Exim) of the United States has given assurance to Pakistan International Airlines (PIA) that it is considering the possibility of financing the leasing of additional aircraft.

admin
By admin April 14, 2016 20:34