Investors Acquire Major Stake in Pakistan Airlines

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A group of investors bought a big part of Pakistan Airlines. This sale helps the government privatize the national airline.

The winning group paid a lot of money, 135 billion rupees. PIA was good before but lost money for many years.

The Finance Minister said the selling process was honest. He hopes the new owners will make the airline better.

The IMF asked Pakistan to sell the airline for a long time. PIA recently started direct flights to Europe again.

PIA used to be a very good airline, a model airline. Too many staff and bad management caused its problems.

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Who bought a big part of Pakistan Airlines?

A group of investors bought a big part of Pakistan Airlines.

Why did the government sell Pakistan Airlines?

The sale helps the government privatize the national airline.

What did the Finance Minister say about the selling process?

The Finance Minister said the selling process was honest.

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