Pakistan’s current caretaker government is looking increasingly unlikely to lock in the privatisation of PIA – Pakistan International Airlines (PK, Islamabad International) before the February 8, 2024, election. Multiple issues remain unresolved, key among them an agreement between the government and lenders on interest rates.

Domestic banks want to charge a fixed annual interest rate of 16.6% per annum on existing loans to the state-owned airline totalling PKR281 billion rupees (USD1.02 billion) in exchange for deferring…

Source: ch aviation
Read more: Interest rate dispute stalls PIA privatisation progress