ECC approves Rs 7b bail-out package for PIA

ECC approves Rs 7b bail-out package for PIA
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Summary The meeting agreed to privatize of the airline and to sell its 30 percent shares to the public.

 

ISLAMABAD (Web Desk) - Economic Cordination Committee of the Cabinet in its meeting in Islamabad has approved a bail-out package of seven billion rupees for Pakistan International Airlines.

 

Finance Minister Ishaq Dar chaired the meeting.

 

The meeting also decided for the early privatization of the airline and to sell its thirty percent shares to the public.
 

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