The privatization and auction of Pakistan International Airlines (PIA) is scheduled for December 23, 2025, with the federal government finalizing preparations for the bidding process, according to officials. The move comes after years of financial losses and delayed divestment attempts for the struggling national carrier.
Multiple major business consortia have entered the bidding, signalling renewed investor interest. The government has taken steps to enhance transparency and competitiveness, including plans for a live televised auction to ensure openness in the sale process.
The privatisation effort forms part of broader economic reform commitments, including those tied to the International Monetary Fund (IMF) programme, and represents one of Pakistan’s most significant attempts to revive its flag carrier in decades. Authorities are considering offering 51–100 percent of PIA’s stake to the winning bidder, with various incentives intended to attract investment and rehabilitate operations.