This he stated while expressing his views in the Senate Standing Committee on Privatization, which met under the chair of Senator Talal Chaudhry here in Islamabad. The meeting discussed the reasons behind the lower bid for the PIA sale. Aleem Khan said the process of PIA privatization started on November 28, 2023, before he assumed […]
As per details, fifteen designated banks have started receiving applications for Hajj 2025. According to the spokesperson of the Ministry of Religious Affairs, the intending pilgrims are required to deposit two hundred thousand rupees with each Hajj application. The second installment will be collected after balloting. The quota for the government Hajj scheme is 89,605. […]
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 […]
As per details, reports indicated that 11 flights have been canceled, while 3 have landed at alternate airports. A total of 53 flights, both domestic and international, experienced significant delays. The flight schedule indicates that PK 340 and 341 from Karachi to Faisalabad have been canceled. Additionally, the Pakistan International Airlines (PIA) flights PK 322 […]
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 […]
As per the details, the Ministry has decided to send the matter about the privatization of PIA to the cabinet committee. The minister urged that the privatization process of the national institutions including PIA should be improved and any delay in this regard should be avoided. Earlier in Oct, the final bidding process for the […]
According to details, the PIA’s Jeddah-Karachi flight landed at Jinnah International Airport without luggage of over 60 passengers. The passengers said they were informed about leaving their luggage behind at the Jeddah airport upon arrival at the Karachi airport. Meanwhile, the PIA spokesperson said the luggage of the passengers was left behind due to space […]
As per details, the group has sent an email to the Minister of Privatization, Minister of Aviation, Minister of Defense, and other authorities, outlining their proposal. The key points of their offer are; Debt Settlement: Al-Nahang has offered to pay off PIA’s Rs. 250 billion debts. No Employee Layoffs: The group has promised not to […]
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. According to aviation sources, the bid submission and opening for Pakistan International Airlines’s purchase are set to […]
