BeNewz Report ISLAMABAD: The Privatization Advisor, Muhammad Ali, announced on Thursday that the privatization of Pakistan International Airlines (PIA) will generate Rs 55 billion for the national exchequer, significantly higher than the initially cited Rs 10 billion. Addressing a press conference alongside Minister for Information Attaullah Tarar, Ali emphasized that …
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Aftab Maken ISLAMABAD: In a major development regarding the privatization of the national flag carrier, the Arif Habib Group has outpaced all competitors by submitting the highest bid of Rs 135 billion for Pakistan International Airlines (PIA). Thisrecord-breaking offer has been forwarded to the Federal Cabinet for final approval, after …
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BeNewz Report ISLAMABAD: The government has moved a step closer to privatising its national flag carrier as four domestic and foreign companies have pre-qualified to bid for a 75% stake in Pakistan International Airlines. An official statement issued here on Thursday confirmed that the buyer will be required to retain …
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Aftab Maken ISLAMABAD: Pakistan’s long-delayed privatisation drive received a boost on Friday as the Privatisation Commission (PC) Board approved the inclusion of AKD Group Holdings (Pvt.) Ltd in the Arif Habib Corporation Limited (AHCL)-led consortium for the privatisation of Pakistan International Airlines Corporation Limited (PIACL). The decision was made at …
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Federal Minister for Privatization, Board of Investment, and Communications, Abdul Aleem Khan, in a special conversation regarding the privatization of Pakistan International Airlines (PIA), stated that all concerns of the interested parties have been properly addressed. He further emphasized that the government has decided to incorporate changes based on the …
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The National Assembly’s Standing Committee on Privatization was informed that the financial advisor hired for the privatization of the national airline, Pakistan International Airlines (PIA), had already been paid Rs 1.2 billion, yet the privatization process remained incomplete. The meeting, held in Islamabad under the chairmanship of Dr. Farooq Sattar, …
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