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Reading: Pakistan Selects Six Companies to Bid for PIA Privatization
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PhotoNews Pakistan > Business > Pakistan Selects Six Companies to Bid for PIA Privatization
Business

Pakistan Selects Six Companies to Bid for PIA Privatization

Web Desk
By Web Desk Published June 4, 2024 1 Min Read
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An image of a Pakistan International Airlines (PIA) plane positioned on the runway. Photo: @newstime9(X)
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Pakistan has selected six companies qualified to bid for the national carrier Pakistan International Airlines (PIA), the privatisation minister announced on Monday.

The announcement followed a deadline extension for submitting expressions of interest. Eight companies and consortiums had expressed interest.

Pakistan on Monday selected six companies qualified to bid to buy national carrier Pakistan International Airlines, privatisation minister said.https://t.co/kVNrJvhXYW

— Arab News Pakistan (@arabnewspk) June 3, 2024

Air Blue, Arif Habib Corporation, Blue World City, Fly Jinnah, Pak Ethanol (Pvt) Consortium, and YB Holdings Consortium emerged as finalists.

“The pre-qualified companies can participate in the bids for PIA,” he said.

The government is offering a stake of between 51% and 100% in the loss-making airline as part of reforms urged by the International Monetary Fund (IMF).

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