Prime Minister Shehbaz Sharif will be accompanied by Deputy Prime Minister Mohammad Ishaq Dar and other cabinet ministers and senior officials

Privatisation commission describes development as a major milestone in the government's economic reform programme and said it reflects its commitment to a transparent, competitive and investor-friendly privatisation process aimed at strengthening private-sector participation in the economy

IMF says decision includes immediate disbursements of about $1.1 billion under the Extended Fund Facility (EFF) and nearly $220 million under the Resilience and Sustainability Facility RSF

Officials say privatisation of PIA is being carried out in phases as part of government’s broader economic reform agenda

Ishaq Dar emphasized the government’s commitment to PIA’s privatisation to unlock its full potential and reduce financial burden on the national exchequer.