IMF Delays PIA Sell-off for Six Months, Approves $497 mln Tranche

[as1mz]

Don't know if I should be pleased or what :/

http://todayinpakistan.com/imf-delay-pia-privatization-for-six-months/

 

[Kambojaric]

My friend shared this on facebook today, I dont know the source or how accurate it is, but my gut instinct tells me it sounds about right.

 

[Pandora]

My friend shared this on facebook today, I dont know the source or how accurate it is, but my gut instinct tells me it sounds about right.

4000 people were hired in last governments tenure alone. PPP literally went on loot sale in their last tenure.

 

[as1mz]

The fact that people were hired for no reason at all is exactly why people are against privatization. Cuz they'll be the first to go! The picture posted, if true, is utter embarrassment - unfortunately.

 

[Muhammad Omar]

Just Privatize It already....

 

[GoldenRatio1618]

why govt don't buy more A320 planes with this loan govt can purchase at least 5 new A320 costing 97 million per peace and they will help more for PIA to came out from lossess instead selling the PIA shares to other countries hiring foreigners on heavy compensations.
http://www.airbus.com/presscentre/p...ail/new-airbus-aircraft-list-prices-for-2015/

 

[VCheng]

Just Privatize It already....

Can a buyer be found on reasonable terms?

 

[cloud4000]

My friend shared this on facebook today, I dont know the source or how accurate it is, but my gut instinct tells me it sounds about right.

I believe the revenue line is incorrect for PIA. It looks like a profit/loss number. Revenue is a different number. Profit/Loss = Revenue - Expenses.