Govt tightens PIA bidding terms

Fresh bids sought for second push to sell PIA

ISLAMABAD: Months after its first attempt to sell off Pakistan Interna­ti­o­nal Airlines (PIA) sta­lled, the government on Thursday invited fresh bids with more incentives for buyers. The investors can submit an expression of interest by June 3, with the bidding process expected to take place between October and December. The government is offering 51 to 100 per cent share capital, with management control of the national flag carrier. This time …

Govt tightens PIA bidding terms

Targets financially sound investors, bars provincial govts from bidding

PIA privatization process to be streamed on digital platforms.

ISLAMABAD: Prime Minister Shehbaz Sharif has mandated that the ongoing privatization process of Pakistan International Airlines (PIA) be broadcast live on television and digital platforms to ensure transparency. During a high-level review meeting, he reiterated his government’s commitment to finalizing the privatization by the anticipated deadline. To boost investor confidence, the Prime Minister directed officials to conduct roadshows and imple…

PM directs for timely completion of PIA privatisation

ISLAMABAD 25 (APP): Prime Minister Shehbaz Sharif on Friday directed the authorities concerned to ensure the privatisation of Pakistan International Airlines (PIA) within the given timeframe. Chairing a meeting to review the ongoing process of privatisation of PIA, the prime minister stressed that transparency must be central to the procedure for the airline’s privatisation. The prime minister emphasizing the importance of roadshows and fully en…

PM Shehbaz pushes for privatisation of PIA within proposed timeframe

Prime Minister Shehbaz Sharif on Friday directed the concerned authorities to ensure privatisation of the Pakistan...

Govt Invites Bids For Majority Stake In PIA - Pakistan Live News

Pakistan International Airlines (PIA) aircraft are parked on the runway. — AFP/File Govt seeks EOIs for PIA stake by June 3. Investors offered GST relief and liability cover. Transfer of PIA liabilities to attract potential buyers. ISLAMABAD: The federal government has officially invited expressions of interest (EOIs) from potential investors for the privatisation of Pakistan International Airlines (PIA), marking a major development in its bid …