The privatization of Pakistan International Airlines (PIA), a long-struggling national carrier, has become a focal point of political contention. Former finance minister Miftah Ismail has openly criticized his successor, Ishaq Dar, for allegedly creating a negative investment climate. Ismail argues that Dar’s financial policies and lack of clear communication discouraged prospective investors from showing interest in PIA.
PIA, burdened with billions in debt and plagued by operational inefficiencies, has been on the privatization block as part of broader economic reforms. However, Dar’s alleged hesitation in committing to necessary structural changes has reportedly spooked international buyers. Critics point to internal political discord as a major barrier to the successful execution of this crucial reform.
Analysts emphasize that PIA’s restructuring requires a robust plan, including trimming excess staff, modernizing its fleet, and ensuring financial transparency. Without these measures, the airline risks further operational decline, leaving taxpayers to shoulder the burden of its losses. The debate over PIA’s future underscores the challenges of privatizing state-owned enterprises in politically charged environments
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