Due Diligence in Process: Govt Intends to Dispose of PIACL Assets

Govt targets completion of PIA privatization within three months

Islamabad: The federal government has accelerated efforts to privatize Pakistan International Airlines (PIA), aiming to conclude the transaction within the next two to three months, according to officials from the Privatization Commission. In a briefing to the National Assembly’s Standing Committee on Privatization, chaired by MNA Dr. Farooq Sattar, Secretary Privatization Usman Bajwa confirmed that five parties had submitted expressions of inte…

Due diligence in process: Govt intends to dispose of PIACL assets

ISLAMABAD: The federal government has intended to dispose of operational assets of Pakistan International Airlines Company Limited (PIACL) in the last quarter of the current year after completion of 60 to 90 days due diligence process, a parliamentary panel has been apprised on Monday. Muhammad Farooq Sattar chaired the meeting of National Assembly’s Standing Committee on Privatisation on Monday to get briefing on privatisation of PIA and First …

PIA privatization to be finalized in 60-90 days, NA committee informed – Pakistan Times Today

The National Assembly’s Privatization Committee was briefed on the privatization of Pakistan…