PIA Privatisation Enters Final Phase as Bids Are Reviewed

PIA privatisation enters final phase as bids are reviewed

Privatisation commission reviews reference price, auction session at 4.30pm

Three bids received for privatisation of national carrier PIA

ISLAMABAD: Three bids have been received for the privatisation of loss-making national airline Pakistan International Airlines Corporation Limited (PIACL) — the country’s most high-profile transaction of a state-owned entity. The sealed bids, submitted on Tuesday morning, came from pre-qualified bidders Lucky Cement, private airline Airblue and investment firm Arif Habib. Representatives of the bidding groups walked in one by one to deposit seal…

Pakistan Receives Three Bids for PIA in Crucial Privatisation Test - TV360 Nigeria

Pakistan has received three formal bids for the privatisation of its troubled national carrier, Pakistan International Airlines (PIA), in a development widely viewed as a critical test of Islamabad’s commitment to reform and sell off loss-making state-owned enterprises. PIA, long criticised for inefficiency, overstaffing, and poor management, has been grappling with severe financial strain as government support wanes amid a prolonged balance-of-…

Pakistan PIA Privatisation Gets Three Bids

Pakistan has received three bids for the privatisation of its national carrier, Pakistan International Airlines (PIA), as part of the […] Source

Three bids received for PIA privatization

F.P. Report ISLAMABAD: The federal government on Tuesday received three bids for the privatization of Pakistan International Airlines (PIA), officials confirmed. The Privatisation Commission conducted an open and televised bidding process for the sale of 75 percent shares of Pakistan International Airlines Corporation Limited (PIACL). Sealed bids were submitted by the interested parties during the first phase of the auction. The bidders include …

Today a historical day for PIA privatization, says PM Shehbaz Sharif

Islamabad: Prime Minister Shehbaz Sharif made the historic announcement today in regards to Pakistan’s national airline, addressing that today is a historic day for Pakistan International Airlines, marking the very first privatization of a major airline in the country’s history. Addressing a meeting of his cabinet, the Prime Minister said that the officials and his cabinet colleagues had striven hard for the coming preparations of the privatizat…