Karachi, April 3 -- Pakistan is seeking bids to sell a majority stake in Pakistan International Airlines, with the aim of completing the deal in two months for the state-owned carrier that has failed to make a profit in almost two decades.

Investors have been asked to submit bids by May 3, with the government targeting to sign the share purchase agreement for a 51pc to 100pc stake with the buyer by June, according to a document posted on the website of the Privatisation Commission, the asset sale agency. Domestic and global roadshows will start next week, Usman Akhtar Bajwa, the secretary at the agency, said by phone.

The planned stake sale is a step towards the government's commitment to undertake economic reforms as agreed with the In...