The Pakistani government has launched a new plan for the privatization of Pakistan International Airlines (PIA), with the airline likely to be sold to either Qatar or Abu Dhabi under a government-to-government (G2G) agreement.
The government is now accepting expressions of interest, with applications due by November 30.
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Following the cancellation of the Blue World Consortium’s bid, which had proposed 10 billion rupees to acquire PIA shares, the government has revised its approach, considering foreign government ownership as a solution.
Reports suggest that several pre-agreed conditions will be part of the sale to Qatar or Abu Dhabi.
