ISLAMABAD -- Pakistan's failed bid to sell its national airline threatens the future of a high-profile privatization drive seen as crucial to helping fix the country's battered economy.
Government received just one lowball bid for Pakistan International Airlines
Pakistan International Airlines hasn't booked a profit in 20 years and relies on government subsidies. © Reuters
ISLAMABAD -- Pakistan's failed bid to sell its national airline threatens the future of a high-profile privatization drive seen as crucial to helping fix the country's battered economy.