Islamabad, March 18 -- The Pakistani Privatisation Commission Board has approved the transaction structure for the second attempt to privatise Pakistan International Airlines Corporation Limited (PIACL), ARY News reported on Wednesday, citing an official statement.

The decision was made during a meeting of the Privatisation Commission Board, chaired by Muhammad Ali, the adviser to the prime minister on privatisation.

The plan involves divesting 51 per cent to 100 per cent of PIACL's share capital, along with management control, according to ARY News.

In a statement, the Ministry of Privatisation said, "The board recommended to CCOP (Competition Commission of Pakistan) the transaction structure proposed for the 2nd attempt of PIACL priv...