Full PIA sale approved after bidders reject government's role in airline's affairs

Pakistan To Sell 100% Stake In PIA After Bidders Demand Complete Control

Pakistan has decided to sell its entire 100 per cent stake in Pakistan International Airlines after bidders sought complete managerial control with no government role post-privatisation, local media reported on Wednesday.

Full PIA sale approved after bidders reject government's role in airline's affairs

The government has decided to sell its 100% stake in Pakistan International Airlines (PIA), but one-fourth of the shares will only be offered to the winning bidder at a 12% premium on the bid price, with an option to make the payment one year later. The government has also decided to take only 7.5% of the bid money in cash, while the bidder will invest the remaining 92.5% amount in the PIA company instead of depositing it in the exchequer, gover…

Govt to sell full stake in PIA with flexible terms

The federal government has approved a revised privatisation framework for the national airline, deciding to divest its entire ownership while introducing incentives aimed at drawing serious investors ahead of next week’s bidding process. Under the updated plan, bidding will initially be held for a 75% stake. The successful bidder will then be offered an option to acquire the remaining 25% shareholding within one month at a price carrying a 12% p…