KARACHI: The privatisation ministry has stated Wednesday (16th April, 2025) that “a fresh advertisement for the expression of interest for the demerger of PIACL is planned to be published next week”. Following a huddle of the Privatisation Commission the board approved pre-qualification criteria for selection of potential bidders for privatisation of 51% to 100% shares […]
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KARACHI: Overseas Pakistani Consortium Al-Nahang has offered 125 billion rupees to acquire PIA, by means of formal emails (harbouring all the technical studies and comprehensive business plan) addressed to the ministers of privatisation, aviation, and defence. The bidders will repay Rs. 250 billion debt incurred on the National Flag Carrier, buy new aircraft enabling them […]
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ISLAMABAD: The sole bidder Blue World City* (a real-estate development company – with no experience of running an airline) offered Rs. 10 billion for 60% stake in PIA here on Thursday (31st October, 2024), though GoP had set a minimum price of Rs. 85 billion. Though the consortium has been given time to review the […]
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ISLAMABAD: Secretary of the Privatisation Commission has told Senate Standing Committee here on Thursday that denationalisation of PIA process would be completed by 1st October, 2024. It is pertinent to mention here that PIA’s BoD during its 83rd meeting held here on 26th March, has approved the privatization and restructuring plan of Pakistan’s National Flag Carrier PIA. […]
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