ISLAMABAD: Pakistan will miss the July 2025 deadline set by the International Monetary Fund (IMF) for privatising Pakistan International Airlines (PIA), news reported on Friday. Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission, confirmed that the PIA privatisation process will not be completed within the IMF’s stipulated timeframe. … Read more
ISLAMABAD: The final bidding process for the privatization of Pakistan International Airlines (PIA) drew only one offer of 10 billion Pakistani rupees ($36 million) for a 60% stake, as announced by the Privatisation Ministry on Thursday. While the government had pre-qualified six groups in June, only the real estate development firm Blue World City submitted … Read more
ISLAMABAD: The federal cabinet has announced the formation of a seven-member Board of Directors (BoD) for the Pakistan International Airline (PIA) holding company, as part of the government’s efforts to accelerate the privatization process of PIA. Aslam R. Khan has been nominated as chairman of the BoD, a decision that was ratified earlier. The BoD … Read more
ISLAMABAD: Caretaker Prime Minister (PM) Anwaar-ul-Haq Kakar has directed to complete the privatization process of Pakistan International Airlines (PIA) on fast track basis to provide reliable services to passengers. Chairing a meeting to review the process of PIA privatization in Islamabad on Thursday, PM Kakar urged the stakeholders concerned to expedite the process keeping in … Read more
