PIA privatisation is gaining momentum: minister

PIA privatisation is gaining momentum: minister

During a special conversation regarding the privatisation of Pakistan International Airlines (PIA), Federal Minister for Privatisation, Board of Investment, and Communications Abdul Aleem Khan has assured that all concerns of interested parties in the privatisation of the national flag carrier have been addressed effectively. According to a press statement released on Thursday, the government has decided to make necessary adjustments in line wit…

Govt to complete PIA’s privatisation within 3 months: Aleem Khan

Privatisation minister also expects PIA flights to US, Far East in next phase of process.

Pakistan names new petroleum, privatisation chiefs in reshuffle

Pakistan’s prime minister appointed new heads for the key petroleum and privatisation portfolios on Friday- both departments seen as central to the country’s recovery from an economic crisis. Former junior finance minister Ali Pervaiz Malik was appointed as petroleum minister in a broader cabinet reshuffle. His key task will be spearheading a major transaction in the Reko Diq copper and gold project. Barrick Gold, which owns 50% of the project, …

Pak privatisation minister says PIA would be privatised in next three months

Islamabad, Mar 6 (PTI) Pakistan’s minister for privatisation said on Thursday that the national flag-carrier would be privatised during the next three months, following a failed attempt to sell it last year. The Pakistan International Airlines (PIA) has been running into losses and the government as part of reforms urged by the International Monetary Fund (IMF), said in April 2024 that it was putting on the block its stake, ranging from 51 to 10…

New Roadmap Being Provided To Make PIA Privatisation More Attractive: Minister - Pakistan Live News

A representational image of PIA plane. — APP/File Privatisation Minister Abdul Aleem Khan on Thursday claimed that the federal government would complete the privatisation process of Pakistan International Airlines (PIA) within a span of three months. In a statement, the privatisation minister said: “All concerns of the parties interested in the process of privatisation of the airline have been addressed properly.” He said that the government dec…

PIA privatisation to be finalised in three months

Privatisation Minister Abdul Aleem Khan has stated that the much-awaited privatisation of Pakistan International Airlines (PIA) will be completed within three months. The decision is intended to resolve the airline’s financial issues and make it more attractive to investors. To make the privatisation process more appealing, the government has launched a new roadmap. The addition of European flights to PIA’s operations is likely to attract more i…