The Pakistani government is yet to shift debts and liabilities accrued by PIA – Pakistan International Airlines (PK, Islamabad International) into a separate entity, despite media reports it has already done so. It is moving to sell between 51% and 100% of the consistently lossmaking airline and wants to decouple the liabilities from the balance sheet to make PIA a more attractive buy.

Last week, an invitation to potential buyers to lodge expressions of interest spelled out the government’s plans to…

Source: ch aviation
Read more: Pakistan's PIA still holding onto debt as more losses posted