Pakistan Approves Four Potential Bidders for Struggling National Airline PIA

Pakistan's Ambitious PIA Sell-Off: A New Era in Aviation

The Pakistani government has approved several parties, including business groups and a military-backed firm, to bid for Pakistan International Airlines. This move aims to sell a 51-100% stake in the national airline to raise funds and reform state-owned enterprises, marking Pakistan's major privatisation in nearly 20 years.

Govt shortlists four bidders as PIA privatisation gains momentum

The federal government said on Tuesday it had approved four parties, including business groups and a private education operator, to potentially bid for a stake in debt-ridden Pakistan International Airlines. The government has been seeking to sell a 51-100% stake in the struggling national airline to raise funds and reform cash-draining, state-owned enterprises as envisaged under a $7 billion International Monetary Fund programme. It would be th…

Pakistan prequalifies four investors for PIA, greenlights Roosevelt

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Pakistan approves four bidders, including military-backed firm, for PIA stake sale - Profit by Pakistan Today

Lucky Cement, Arif Habib-led groups, Fauji Fertilizer, and Airblue cleared to proceed with due diligence; Roosevelt Hotel sale plan also approved

Govt approves potential bidders for struggling PIA

ISLAMABAD: The federal government approved four potential bidders, including business groups, for the debt-ridden Pakistan International Airlines , it emerged on Tuesday.The government has been...

Govt approves four potential bidders for struggling PIA

“The pre-qualified parties will now proceed to the buy-side due diligence phase,” privatisation minister says; transaction structure for Roosevelt Hotel also approved.