Reforms under way to privatise PIA

ISLAMABAD: Pakistan International Airlines (PIA) will be privatised without any liabilities, as the losses of the national flag carrier will be transferred to the holding company, said Minister for Privatisation Abdul Aleem Khan on Saturday.

He stated that the International Monetary Fund (IMF) has agreed on two significant issues concerning the buyers of PIA. He assured that the 18 per cent sales tax on purchasing new aircraft will be abolished following receiving IMF consent.

According to the new conditions...