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Pakistan has finally sold a majority stake in its national carrier, Pakistan International Airlines (PIA), after decades of losses, corruption allegations and repeated taxpayer-funded bailouts. A Pakistani consortium led by Arif Habib has reportedly acquired around 75% of the airline for about Rs 135 billion, in a televised bidding process held in Islamabad as part of IMF-backed privatisation reforms. Supporters claim the deal is the only way to rescue PIA from crippling debt and mismanagement, pointing to conditions in Pakistan’s 7 billion dollar IMF programme that demanded loss-making state enterprises be privatised. Critics, however, call the sale a national shame for the government, arguing that selling the flag carrier under foreign loan pressure is proof of failed governance and economic surrender, and that national assets should have been reformed, not sold off. #Pakistan #PIA #PakistanAirlines #PIAPrivatization #NationalAirline #NationalShame #IMF #PakistanEconomy #ShehbazSharif #ArifHabib #Privatisation #StateOwnedEnterprises #DebtCrisis #AviationNews #BreakingNews #PakPolitics #FlagCarrier #EconomicReforms #PublicOutrage #GovtFailure