Advertisement
Categories: NewsPakistan

Karachi Traders Join Interest in Acquiring Pakistan International Airlines

Advertisement

Karachi traders have expressed interest in purchasing Pakistan International Airlines (PIA), joining the growing list of stakeholders keen on acquiring the national carrier. This interest follows similar announcements from the Khyber Pakhtunkhwa government and the Pakistan Muslim League-Nawaz (PML-N).

Governor Sindh Kamran Tessori, speaking on a private news channel, revealed that Karachi’s business community has engaged with him regarding the PIA privatization process. “The traders in Karachi want PIA to be handed to them for a year. They are serious about launching a new airline,” Tessori stated.

Maryam Nawaz Eyes PIA Purchase, Considers ‘Air Punjab’ Rebrand

The proposed name for the airline would be “PK,” symbolizing Pakistan and Karachi. Tessori also expressed support for Punjab’s plan to launch an airline named “Air Punjab,” noting that new airlines would open up employment opportunities nationwide.

This statement comes shortly after the Khyber Pakhtunkhwa government conveyed its interest in PIA’s privatization. The KP Investment Board formally wrote to Federal Minister for Privatization Abdul Aleem Khan, signaling their intent to submit a bid.

This post was last modified on November 4, 2024 12:29 pm

Advertisement
News Desk

Recent Posts

Mobilink Bank and Yango Partner to Provide Shariah-Compliant Financing for Drivers in Pakistan

Pakistan’s leading digital microfinance bank, Mobilink Bank, and Yango, part of the global technology company…

3 weeks ago

Pakistani Freelancers’ Earnings Expected to reached $2.5 B in the Current Fiscal Year

Pakistan’s freelancing market is rapidly emerging, and the export earnings of Pakistani freelancers are expected…

3 weeks ago

Spotify Celebrates Atif Aslam’s Subah Aye Na with Fans and Artists in Karachi

To celebrate the release of Atif Aslam’s highly anticipated new album, Subah Aye Na, Spotify…

3 weeks ago

Supernet Technologies set to raise 915 million to strengthen its working capital for growing projects!

KARACHI: Supernet Technologies Limited (STL) is looking to strengthen its working-capital capacity as a growing…

3 weeks ago

NEVO Is Next: Master Changan Continues Bringing Changan’s Global House of Brands to Pakistan

Master Changan Motors Limited (MCML), Pakistan’s No.1 new entrant and leading Chinese automotive brand, is…

4 weeks ago

IFC and Bank Alfalah Partner on Pakistan’s First Diversified Payment Rights Issuance, Marking a Key Milestone in the Development of Pakistan’s Debt Capital Market

The International Finance Corporation (IFC) and Bank Alfalah Limited have signed a Project Agreement marking…

4 weeks ago