Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    Gen V Season 2 trailer
    Videos

    Gen V Season 2 Trailer Cast, Plot, Premiere Details

    July 26, 2025 3 Min Read
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Khyber Pakhtunkhwa Govt Bids to Acquire Pakistan International Airlines
PhotoNews PakistanPhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
KP Government PIA Bid
PhotoNews Pakistan > Pakistan > Khyber Pakhtunkhwa Govt Bids to Acquire Pakistan International Airlines
Pakistan

Khyber Pakhtunkhwa Govt Bids to Acquire Pakistan International Airlines

Web Desk
By Web Desk Published November 2, 2024 2 Min Read
Share
Pakistan International Airlines (PIA), and Khyber Pakhtunkhwa (KP) government emblem.
SHARE

The Khyber Pakhtunkhwa (KP) government announced its interest in participating in the Pakistan International Airlines (PIA) bidding process.

The KP showed interest after the final privatization bid for PIA attracted only one offer of Rs10 billion for a 60% stake, well below the set minimum of Rs85 billion.

Despite the government pre-qualifying six groups in June, the only bid came from a real estate development company. In response, the KP’s Board of Investment and Trade (BOIT) penned a letter to Privatisation Minister Abdul Aleem Khan expressing their intent to secure PIA under a provincial government structure to preserve the airline’s legacy and maintain it as a national asset.

وزیراعلیٰ خیبرپختونخوا علی امین خان گنڈاپور کی ہدایت پر خیبرپختونخوا حکومت نے پاکستان انٹرنیشنل ایئرلائنز (PIA) کی نجکاری کے عمل میں باضابطہ طور پر اپنی دلچسپی کا اظہار کر دیا ہے۔ pic.twitter.com/KBHXaROJnW

— Government of KP (@GovernmentKP) November 1, 2024

The BOIT’s letter emphasized the strategic importance of PIA as a symbol of national identity and pride. It outlined its proposal to offer a more competitive bid than the current highest, aiming to ensure PIA remains under government control and not transferred to private or foreign entities.

Furthermore, the KP-BOIT requested an urgent meeting with the minister to discuss their proposal and strategic vision for PIA. They expressed readiness to exceed the highest existing bid and reinforce their competitive stance in the acquisition process.

Read: Only One Buyer Steps Up in PIA Privatization Bidding

The letter concluded with an appeal for a favourable response, highlighting the KP government’s commitment to contributing positively to this significant national endeavour. This move comes as Prime Minister Shehbaz Sharif’s administration seeks to divest a 51-100% stake in the debt-laden airline as part of efforts to raise funds and reform state-owned enterprises, in line with a $7 billion International Monetary Fund (IMF) program.

TAGGED:Featured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

HBL Saving Made Easy
HBL Saving Made Easy

Recent Posts

OGRA Pakistan fuel shortage 2025

OGRA Confirms No Fuel Shortage Despite Sindh Cess Delays at Karachi Port

OpenAI Atlas browser

OpenAI Launches Atlas AI-Powered Web Browser to Challenge Google Chrome

Pakistan earthquake

5.3 Magnitude Earthquake Hits Pakistan with Epicenter in Afghanistan’s Hindu Kush

Post Archives

More Popular from Photonews

Pixnapping Android Attack
Tech

Researchers Unveil Pixnapping: New Android Attack Steals Screen Pixels

2 Min Read
Taylor Swift The Life of a Showgirl 2025 release date
Entertainment

Taylor Swift’s ‘The Life of a Showgirl’ Dominates UK Charts in Second Week

2 Min Read
Pakistan ODI captain 2025
Sports

Pakistan to Name New ODI Captain for South Africa Series in November 2025

2 Min Read
Pakistan

Ex-JI Senator Mushtaq Ahmed Joins Tehreek-e-Tahafuz Ayeen-e-Pakistan

ISLAMABAD: Former senator Mushtaq Ahmed, recently released from Israeli custody, has officially joined the Tehreek-e-Tahafuz Ayeen-e-Pakistan…

October 19, 2025
Pakistan

Pakistan-Afghanistan Ceasefire Extended for Doha Talks

Pakistan and Afghanistan agreed to extend their 48-hour ceasefire until the Doha peace talks conclude, Reuters…

October 17, 2025
Entertainment

Cristiano Ronaldo’s Wink to IShowSpeed Goes Viral

While live-streaming just a few feet from the pitch, IShowSpeed unexpectedly came face to face with…

October 19, 2025
Top NewsWorld

Sebastien Lecornu Survives Twin No-Confidence Votes in French Parliament

Paris: French Prime Minister Sebastien Lecornu survived two no-confidence votes in the National Assembly on Thursday,…

October 16, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?