Deputy Prime Minister Ishaq Dar chaired the meeting in Islamabad. The Cabinet Committee on Privatization noted with satisfaction the assessment of the aviation division on healthy PIACL’s finances. The CCOP also constituted a committee under the convenorship of the Minister of State for Finance to evaluate possible transaction options for the privatization of the Roosevelt […]
Pakistan is looking to offload a 51-100pc stake in debt-ridden PIA to raise funds and reform state-owned enterprises as envisaged under a $7 billion International Monetary Fund program. As per details, the Privatisation Commission has turned down the Rs10 mln bid of Blue World Consortium for buying PIA. The sources further said PIA is likely […]
Tessori said that the Karachi traders have discussed the development of the PIA privatization process with him. “The traders in Karachi want the PIA to be handed to them for a year. They are serious about launching a new airline,” the Sindh Governor added. Kamran Tessori proposed naming the new airline ‘PK,’ representing Pakistan and […]
Preparations for the bidding process have been finalized at a private hotel in the capital. Of the six potential bidders, only the Blue World City consortium has submitted an advance payment, confirmed by sources from the Privatization Commission. Both the bid submission and opening for Pakistan International Airline’s purchase are set to occur on the […]
