Pakistan International Airlines has appointed former Air Vice Marshal Muhammad Amir Hayat as CEO for one year.
This week, the outgoing government said it planned to privatise loss-making flag carrier, which has accumulated hundreds of billions of rupees in losses and arrears.
The move would be in line with an International Monetary Fund (IMF) deal.
Hayat had been the acting CEO since April 2022, after the former CEO's retirement.
The government could have appointed Hayat as CEO for three years, but the prime minister decided to appoint him for one, said PIA spokesperson Abdullah Khan.
This week, the Cabinet Committee of Privatisation also backed the hiring of a financial adviser to process transactions involving the Roosevelt Hotel in New York, an asset of PIA Investment Limited.
PIA hopes to resume flights to the UK in the next three months. Services have been suspended since 2020 amid a pilot licensing scandal.
Pakistan agreed to fiscal discipline plans as part of a $3 billion arrangement with the IMF, including the privatisation of loss-making assets.
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Indian opposition parties criticised the government on Thursday, describing US President Donald Trump's threat of a 25 per cent tariff as a diplomatic failure for New Delhi, while the rupee currency tumbled and equity indexes slid in response to the news.
The United States and Pakistan hailed a trade deal on Thursday that Islamabad said would lead to lower tariffs and increased investment, but without specifying the level of tariff to be levied on Pakistani exports.
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