The overseas Pakistani group Al Nahang has proposed an acquisition deal for Pakistan International Airlines (PIA) valued at over Rs 130 billion, committing to settle the airline's significant Rs 250 billion debt. This revised offer follows a previous bid of Rs 125 billion and aims to retain all current PIA employees without layoffs while promising a phased salary increment. The proposal is in stark contrast to a local group's unsuccessful Rs 10 billion bid, which led to government hesitance in the sale process. Alongside the acquisition, Pakistani aviation officials are in discussions with the European Union to restore PIA's operations in Europe, which were halted due to a scandal involving fraudulent pilot licenses in 2020. As the government seeks to privatize PIA amid economic reforms linked to the IMF, the Al Nahang group's proposal signifies a potential shift towards revitalizing the struggling national carrier. However, debates continue within the political sphere regarding the realism of PIA's valuation amidst ongoing financial challenges.