Advertisement
Categories: NewsPakistan

PIA Privatization: Government Plans Sale to Qatar or Abu Dhabi

Advertisement

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.

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.

Advertisement
News Desk

Recent Posts

Farhan Ghani Arrested Over Alleged Assault on Government Servent, FIR registered

Pakistan Peoples Party (PPP) local leader and Chanesar Town Chairman Farhan Ghani has been arrested…

2 days ago

inDrive Partners with Essa Labs to Offer Drivers Up to 40% Off on Health Tests

inDrive, a global mobility and urban services platform, has joined hands with Essa Labs to…

2 weeks ago

tapmad Champions Hockey On and Off the Screen: Shamsher and Live Tournaments Bring the Sport Back into the Spotlight

tapmad Entertainment has cemented its position as a pioneer in Pakistan’s digital entertainment space, not…

2 weeks ago

Airblue Announces 14% Discount on Fares in Celebration of Independence Day

Airblue, one of the country’s leading private airlines, has announced a 14% discount on selected…

2 weeks ago

Ecommerce sector urges Govt for tax reduction and level playing field: PEA

The Pakistan eCommerce Association (PEA) has urged the government to reduce the tax burden on…

2 weeks ago

Digital Inclusion, Affordability, and the Battle Against Cash Dominate Jazz Leadership’s GSMA Summit Address

From highlighting the need for affordable smartphones and universal internet to pushing for a cashless,…

2 weeks ago