Pakistan's economy receives a significant boost as Pakistan International Airlines (PIA) successfully clears its losses, debts, and arrears. This achievement comes as PIA is transferred to a withholding company ahead of its privatization. According to reports, all financial liabilities of the national airline have been effectively addressed, marking a pivotal moment in its financial restructuring. Authorities have duly informed the Pakistan Stock Exchange about the clearance of PIA's balance sheet, signaling a positive development for the country's aviation sector.