Islamabad, April 12 -- Pakistan will miss its July 2025 deadline set by the International Monetary Fund (IMF) for the privatisation of Pakistan International Airlines (PIA), ARY News reported.

Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission, confirmed that the PIA privatisation process will not be completed within the IMF's stipulated timeframe, as per ARY News.

He stated that the process is now expected to conclude by December 2025- another in a series of postponements.

He revealed that a new Expression of Interest (EoI) will be published in the last week of April 2025, allowing prospective bidders to participate in the process.

The period, during which bidders will assess the...