Minister for Privatisation Abdul Aleem Khan led discussions on Pakistan International Airlines’ (PIA) divestment during a meeting on Thursday.
The Privatisation Commission’s pre-qualification committee greenlit the evaluation of pre-bids, marking a significant step in the privatisation process.
Khan emphasized the appeal of this opportunity to both local and international investors, highlighting it as a strategic move to alleviate the national carrier’s burdens from the country’s balance sheet.
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With a month-long bid deadline, the government aims to maintain a majority stake in PIA, retaining 49% of shares while offering the remaining 51% to potential investors.
This move signals a concerted effort to attract investment while ensuring continued administrative control over the airline’s operations.
As the privatisation journey progresses, reports indicate that the national airline will be awarded to the highest bidder.