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.
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).
 privatization. The finalists include Air Blue, Arif Habib Corporation, and Fly Jinnah. The government aims to sell a 51% to 100% stake in PIA as part of IMF-urged reforms.){kind=link}