ISLAMABAD: Ernst & Young, the financial consultant overseeing the privatization process of Pakistan International Airline Ltd (PIACL), presented on Thursday a strategic proposal outlining the investment trajectory alongside immediate financial needs for the national carrier.
Presiding over the meeting, Interim Minister for Privatisation Fawad Hasan offered suggestions to further refine the estimates outlined in the proposal before its submission to the federal cabinet for endorsement.
The outlined plan addressed the short- and medium-term capital and fleet requirements of the airline, aiming to transform it into a financially sustainable and globally competitive entity.
The Privatisation Commission states that the final approval of the legal separation plan, transaction structure, as well as the business plan and valuation methodology, will be considered by the federal cabinet.
