New developments reported in PIA privatisation process
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The Commission for Privatization has halted PIA from entering into any new contracts.
According to sources, the process of PIA's privatization will be completed by February. It is stated that PIA will not engage in any long-term contracts until March 2024. It has also been disclosed that PIA has been prevented from acquiring planes on lease.
As per sources, no final flight schedule beyond March 2024 will be devised; future plans will be made after the privatization of PIA.
