US EditionPakistan to Hold Bidding to Sell PIA After Govt Fails to Secure Offers
Privatisation under a $7 billion IMF program aims to restore PIA’s prestige and modernize operations, with live bidding scheduled on December 23, officials said.
- On December 23, Pakistan will hold live bidding to sell state-owned Pakistan International Airlines, broadcasting the event live as Prime Minister Shehbaz Sharif met involved corporate representatives.
- The sale is part of a $7 billion International Monetary Fund program requiring reform or divest of state enterprises, following a previous sale attempt last year and marking the first major privatisation in nearly two decades.
- Defense Minister Khawaja Muhammad Asif inaugurated twice-weekly Paris flights and vowed expansion soon, while a flight from Islamabad was fully booked with more than 300 passengers; a 2020 Karachi crash killed 97 people, with a government probe blaming pilot error and exam cheating.
- Prime Minister Shehbaz Sharif said the process was moving 'smoothly' and officials said they are ensuring 'transparency and merit' during privatisation, aiming to restore the airline's 'lost prestige'.
- EASA lifted a four-year ban earlier this year, restoring PIA's Europe links after Defense Minister Khawaja Muhammad Asif said the ban followed an 'irresponsible statement' by a former aviation minister.
13 Articles
13 Articles
PIA goes under the hammer on Dec 23
Prime Minister Shehbaz Sharif on Wednesday announced that the bidding process for the privatisation of Pakistan International Airlines (PIA) would be broadcast live on national television, emphasizing that full transparency and merit would remain the government's foremost priorities. "The entire bidding on December 23, 2025, will be aired live on all media channels so that the nation can witness the process firsthand," he added. Speaking during …
Pakistan to hold bidding to sell PIA after govt fails to secure offers
Prime Minister Shehbaz Sharif met with corporate entities and company representatives involved in the process and said the process was moving “smoothly” and argued that privatisation would help restore the airline’s “lost prestige”
PIA privatization auction bidding to be held live on Dec 23
Prime Minister Shehbaz Sharif announced that the bidding process for the privatization of the Pakistan International Airlines (PIA) would be held on December 23 and will be broadcast live on national television across the country. The prime minister made the announcement during a meeting at the PM House with business leaders and company representatives participating in the privatisation process. He underscored that full transparency and merit wo…
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