Chairing a meeting to review the ongoing process of privatization of PIA here, the prime minister stressed that transparency must be central to the procedure for the privatization of Pakistan International Airlines. The prime minister emphasized the importance of roadshows and fully engaging investors in the privatization process, directing that to ensure transparency, the privatization […]
This marks the second time the government has released an Expression of Interest (EOI) for PIA under the current administration. According to officials, the government is offering to sell between 51 percent and 100 percent of its shares in the national carrier. Interested buyers must submit their applications by 3rd June, accompanied by a non-refundable […]
According to the Uzbekistan embassy spokesperson, flights will operate once a week, every Saturday, in the initial phase. However, talks are currently underway with Pakistan’s civil aviation authorities to finalize the necessary organizational arrangements. Earlier, Pakistan International Airlines (PIA) announced direct flights from Lahore to Baku, Azerbaijan. As per the details, PIA will operate two […]
Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission, confirmed that the PIA privatisation process will not be completed within the IMF’s stipulated timeframe. He stated that the process is now expected to conclude by December 2025. He revealed that a new Expression of Interest (EoI) will be published […]
In a post on X (formerly Twitter), the Prime Minister wrote: “Another good news! Alhamdulillah. PIA set to post its first profit in 20 years — a major turnaround after decades of losses,” adding, “The skies ahead look brighter, Inshallah!” He also praised Minister for Aviation Khawaja Asif for his role in the national carrier’s […]
According to a letter penned to Pakistan’s Deputy Prime Minister Ishaq Dar, Yasmin Qureshi expressed concern over the decision to close Pakistan International Airlines’ (PIA) London office. Qureshi highlighted that the London office had been operational for several years, and its closure at a time when PIA is in the process of resuming its flight […]
According to sources, the company has contacted PIA and sought a comprehensive report on the aircraft’s technical aspects. Airbus company has requested a complete report on the registered Airbus aircraft, including a three-month flight data record and a checklist. The company has also asked for a report on the plane’s landing gear and other relevant […]
Aleem Khan stated that the government has addressed the concerns of interested parties and made necessary changes to make the privatization process more attractive to investors. He maintained that the privatization process will attract significant interest from investors, citing the recent improvements in PIA’s operations and finances. He also highlighted the upcoming launch of PIA […]
“The government will not keep the state entities with it that can be run in the private sector,” talking to the media in Karachi finance minister said. He said privatization of the state-owned entities has been in the best interest of the country. “We have to improve the DNA of the economy,” he further said. […]
As per details, the incident occurred shortly after takeoff, prompting the pilot to make an emergency landing. The PIA flight PK-203, captain immediately contacted air traffic control, requesting permission for an emergency landing and managed to land the plane carrying 150 passengers safely. A team of PIA engineers from Karachi will travel to Lahore on […]
