Govt Denies Buying Aircraft for PIA Post-Privatisation

News Desk
ISLAMABAD: The federal government has strongly rejected reports regarding the acquisition of new aircraft for Pakistan International Airlines (PIA) utilizing state funds or sovereign guarantees following its impending privatisation, a top official announced on Wednesday.
Advisor to the Finance Minister, Khurram Schezad, asserted that it is vital to present accurate facts to the public regarding ongoing financial discussions and engagements with the United States Export-Import Bank.
Addressing misconceptions circulating across various media platforms, Schezad clarified that neither taxpayer money nor official government guarantees are being deployed to procure fleet additions for the national flag carrier.
The official elaboration comes in the wake of intense public debate and media speculation concerning the restructuring terms and financial liabilities associated with the much-anticipated divestment of the bleeding national airline.
The policy stance underscores Islamabad’s strict adherence to fiscal discipline as it pushes forward with structural reforms mandated under international financial arrangements.
By insulating the national exchequer from future commercial liabilities of the airline, the administration aims to present a cleaner balance sheet to prospective investors, thereby enhancing the commercial viability of the entity during the final bidding phases.

Market analysts and aviation experts are closely monitoring the privatisation trajectory as authorities prepare to finalise the transaction parameters. Further administrative clarifications and stakeholder consultations are expected in the coming days as the Privatisation Commission moves closer to sealing a sustainable deal for the revival of the country’s aviation sector.