ISLAMABAD: Deputy Prime Minister Ishaq Dar has assured Pakistan International Airlines (PIA) Islamabad is “actively engaged” with British authorities to ensure a ban on the national carrier from operating flights to the United Kingdom (UK) is lifted at the earliest, state-run media reported this week. 

PIA was banned by the European Union Aviation Safety Agency (EASA), United Kingdom (UK) and United States US authorities after Pakistan opened an investigation into the validity of pilots’ licenses following a PIA plane crash in Karachi, in May 2020, that killed 97 people.

PIA resumed flights to Europe in January after EASA lifted its four-year safety ban on the airline. The national carrier has also approached UK authorities for permission to resume its services to the country. 

Dar, who also serves as Pakistan’s foreign minister, met PIA’s Chief Executive Officer Amir Hayat on Saturday to discuss matters related to the airline, state broadcaster Radio Pakistan reported. 

“On the occasion, the Deputy Prime Minister and Foreign Minister said he and the Ministry of Foreign Affairs are actively engaged with the UK authorities to ensure lifting of the ban at the earliest,” Radio Pakistan said. 

Hayat requested Dar for “further diplomatic assistance” to ensure the resumption of PIA flights to the UK, the report said. 

Pakistan hopes new European routes and flying approval to the UK will boost PIA’s selling potential, as Islamabad plans on privatizing the loss-making national airline. 

PIA, once a respected carrier in Asia, has been supported by taxpayers for decades due to political interference, corruption and inefficiencies. Its privatization has also repeatedly collapsed amid union resistance, legal hurdles and low investor appetite.

Cash-strapped Pakistan has been attempting to privatize the debt-ridden PIA to raise funds as part of its efforts to reform state-owned enterprises under a $7 billion International Monetary Fund (IMF) program secured last year.

Late last year, a deal fell through after a potential buyer reportedly offered $36 million for a 60 percent stake in the national flag carrier, a fraction of the asking price of approximately $303 million.

Officials say PIA’s cumulative losses alone are close to $3 billion, with the total asset valuation of the airline standing at approximately $572 million.

Pakistan plans to hold the final bidding to sell the PIA by October and complete its sale by the end of this year, the country’s privatization czar told Arab News this week. 

Last week, five consortiums submitted expressions of interest for a 51–100 percent stake in PIA after the government restructured its balance sheet to make the deal more attractive.