PAF to Acquire PIA’s Engineering Unit for Rs6.5 Billion
The Pakistan Air Force (PAF) is set to take over the Precision Engineering Complex (PEC), a key business unit of Pakistan International Airlines (PIA), in a deal valued at Rs6.5 billion. The transaction marks a major step in PIA’s restructuring process, aimed at offloading non-core assets and managing its staggering financial liabilities. Transaction Details and … Read more