Tag: PIA
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Why Pakistan’s National Airline Sale Is Stoking a Political Storm
Introduction: A Shadowed Privatization Pakistan International Airlines (PIA), after seven decades as the country’s flag carrier, has moved from state ownership toward a majority private stake. On a publicly televised auction, the government announced a sale price of $482 million, signaling a pivotal shift in Pakistan’s economic and political landscape. Yet the auction has quickly…
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Why Pakistan’s National Airline Privatisation Is Causing a Political Storm
Background: A Privatization Milestone for Pakistan International Airlines In a landmark move, Pakistan sold a majority stake in Pakistan International Airlines (PIA) in a televised auction, marking a high-stakes shift for a state-owned carrier that has long symbolized national identity and economic pride. The sale, worth roughly $482 million, ends years of failed privatisation attempts…
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Why Pakistan’s PIA Sale Has Sparked a Political Storm
Introduction: A Privatization Turning Point The sale of Pakistan International Airlines (PIA) to private investors for $482 million has vaulted from a business transaction into a political flashpoint. After seven decades as a state-backed carrier, PIA’s privatisation marks a bold shift in Pakistan’s approach to state-owned enterprises, but it also exposes fault lines in economic…
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Treasury must lead a national program to revitalize Australia’s economy, says new think tank
A bold prescription for Australia’s economic revival A new public policy think tank, Policy Institute Australia (PIA), argues that the time has come for the Department of Treasury in Canberra to assume a more assertive, strategic role in steering the nation’s economic future. In its latest policy brief, PIA outlines a plan to fund, coordinate,…
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PIA Flights Disrupted as Aircraft Engineers Intensify Protest Over Pay and Issues
Widening Disruption Hits Pakistan’s Flag Carrier Pakistan International Airlines (PIA) faced a fresh wave of disruption as aircraft engineers intensified their protest, halting clearance for several planes and delaying international services. The industrial action, centered on grievances over pay raises and related concerns, disrupted routine operations at major hubs, most notably in Karachi, where the…
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PIA Flights Grounded as Aircraft Engineers Protest Over Pay Raise
Overview: PIA Flights Disrupted by Engineer Protest Pakistan International Airlines (PIA) faced a significant operational setback as international and domestic flights were delayed or canceled following a protest by aircraft engineers. The engineers halted clearance of planes in what they described as a bid to press for a pay raise and related concerns. The stoppage…
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PIA Flights Disrupted as Engineers Protest Pay Raise
Overview: Disruption hits Pakistan’s flag carrier Pakistan International Airlines (PIA) saw a sharp halt in several international flight operations this week as aircraft engineers withheld clearance for planes to take off. The protest, rooted in demands for a pay raise and improved working conditions, led to cancellations and significant delays for travelers and cargo alike.…