Summary
- President Asif Ali Zardari has signed the Pakistan International Airlines Corporation (Conversion) (Repeal) Bill, 2026, marking a significant step toward the completion of Pakistan International Airlines’ (PIA) privatization process.
- The approval fulfills the final legal requirements needed to move forward with the airline’s privatization.
- The Senate passed the bill on June 10, 2026, followed by its approval in the National Assembly on June 11, 2026.
President Asif Ali Zardari has signed the Pakistan International Airlines Corporation (Conversion) (Repeal) Bill, 2026, marking a significant step toward the completion of Pakistan International Airlines’ (PIA) privatization process.
The approval fulfills the final legal requirements needed to move forward with the airline’s privatization. The legislation removes legal provisions that previously governed PIA’s corporate structure, paving the way for the government to advance its reform and divestment plans for the national carrier.
The Senate passed the bill on June 10, 2026, followed by its approval in the National Assembly on June 11, 2026. With the president’s assent, the bill has now become law, clearing an important hurdle in the government’s efforts to attract private investment and improve the airline’s operational and financial performance.
Officials believe the move will help create a more competitive and commercially sustainable future for PIA while supporting broader economic reforms in the aviation sector.
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