Aurangzeb briefs Saudi counterpart on PIA, airport privatisation drive

Federal Minister of Finance and Revenue Muhammad Aurangzeb briefed his Saudi counterpart on Pakistan’s ongoing privatisation drive, including the divestment of Pakistan International Airlines (PIA) and key airports, underscoring the government’s resolve to attract strategic investments through transparency and efficiency. The development came during Aurangzeb’s meeting with Mohammed Aljadaan, Finance Minister of the Kingdom of Saudi Arabia (KSA), on the sidelines of the IMF–World Bank Annual Meetings in Washington DC, read a statement released by the Finance Division on Thursday. The PIA privatisation process is in its final stages, with the government aiming for a sale by the end of 2025 as part of a plan to restructure the airline.