Govt to auction PIA on October 1, amid debt crisis

[nahtanbob]

Anyone bidding on this junk of an organisation is a madman.

The jetliners, routes from Pakistan to foreign countries are worth hundreds of millions

 

[ACE OF HEARTS]

The sooner the better including the loss making DISCOs.
No sympathies should be attached to a loss making SOE.

The looming debt repayments, without any proper planning and weed off the country from loans, are an existential threat.

Pakistan’s debt crisis fuelled by more IMF loans - Bretton Woods Project

Pakistan on track to receive its 24th loan from the IMF after the lender disbursed the last tranche of the country’s latest $3 billion programme.

www.brettonwoodsproject.org

Foreign debt will be Pakistan’s economic touchstone in 2024 | East Asia Forum

In 2024, the most urgent task for Pakistan's new government will be grappling with their crippling foreign debt.

eastasiaforum.org

https://www.cgdev.org/publication/pakistans-external-debt-dilemma

FY2025 to FY29: External debt maturity estimated to be over $100bn

Friendly countries to rollover $12.7 billion in the current fiscal year

www.brecorder.com

 

[AZADPAKISTAN2009]

The debt Pakistan has is not due to airline

It is due to people stealing from Budget at government level
Over hiring in company, at company Level
People flying for free on Carrier without buying a ticket

The issue is not with demand or capability of airline

The issue is "Over hiring" above needs of company