Commercial debt negotiations of PIACL have been successfully concluded among the government, domestic lender banks
ISLAMABAD: The commercial debt negotiations of Pakistan International Airlines Corporation Limited have been successfully concluded among the government, domestic lender banks and Development Finance Institutions as part the entity’s restructuring for privatization.
PIACL’s privatisation has been a priority agenda for the federal government, and above developments represent one of the most complex restructuring exercise undertaken to prepare PIACL for privatisation. This arrangement will help make a viable business case for private sector investment in the national carrier.
Under the arrangement, PIACL’s Commercial domestic debt will be moved to PIA Holding Company Ltd., established by the federal government as part of PIACL’s legal restructuring. The term sheet covering mutually agreed commercial aspects of loan transfer was signed yesterday between PIACL, PIA Holding Company and lender banks.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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