Dozens of state enterprises on auction block as IMF calls for end of subsidies
KARACHI — Passengers landing at Jinnah International Airport in Karachi are greeted by a grim sight on arrival: the graveyard of out-of-service planes that once flew the skies for debt-strapped national carrier Pakistan International Airlines (PIA).
“I do my best to avoid taking a PIA flight,” said finance professional Asif Waleed, who regularly takes the two-hour trip between the coastal commercial hub and Pakistan’s capital Islamabad. “I have a high degree of confidence that [their] flights never operate on time.”
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