Saturday, April 26, 2025
-Advertisement-

PIA Privatisation Bidding Starts in August

- Advertisement -

The bidding process for the privatisation of Pakistan International Airlines (PIA) is scheduled to commence in the first week of August, aiming to generate essential funds for the country’s economy.

This decision was announced during a Federal Cabinet meeting chaired by Prime Minister Shehbaz Sharif earlier this week, as reported by Radio Pakistan.

- Advertisement -

During the meeting, it was highlighted that the privatisation process of the national carrier is underway, with interested companies already conducting site visits across various PIA facilities. “The bidding for PIA will commence in early August,” stated the report.

Another PIA Flight Attendant Disappears in Canada

Prime Minister Shehbaz Sharif emphasized the need to expedite the privatisation process while ensuring utmost transparency. The government aims to sell between 51% to 100% stake in PIA, aligning with reforms encouraged by the International Monetary Fund (IMF).

Historically, previous governments have hesitated to privatise the flag carrier due to anticipated public resistance. However, progressing with the privatisation agenda is seen as crucial for Pakistan to pursue further funding discussions with the IMF, given its current economic challenges.

- Advertisement -

Earlier disclosures from the Ministry of Privatisation revealed that six companies/consortiums, including Air Blue, Arif Habib Corporation, Blue World City, Fly Jinnah, Pak Ethanol Consortium, and YB Holdings Consortium, have been pre-qualified for participation in the PIA privatisation process.

- Advertisement -

Stay updated with the latest and breaking news directly on your mobile phone by joining Headline PK's WhatsApp group!

 

 

Latest stories

-Advertisement-

Highlights of the Week
Related

Pakistan Responds to India with Border Closures, Trade Suspension, and Diplomatic Expulsions

Prime Minister Shehbaz Sharif convened a high-level meeting of...

Shehbaz Sharif Orders Timely PIA Privatisation, Urges Transparency Through Public Broadcasts

Prime Minister Shehbaz Sharif on Friday instructed authorities to...

Indian Soldier Detained After Border Breach as Pakistan Closes Airspace and Cancels Visas

An Indian Border Security Force (BSF) soldier has been...
-Advertisement-
Join our Whatsapp Group for Exclusive News!
Join our Whatsapp Group for Exclusive News!