Major development in privatization of PIA, 8 business groups express interest

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Major development in privatization of PIA, 8 business groups express interest
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Major development in privatization of PIA, 8 business groups express interest

The next step for the privatization of PIA will be the bidding process—Photo: File

Islamabad: The privatization of Pakistan International Airlines (PIA) has made significant progress and 8 major business groups, including various airlines, have submitted applications expressing interest.

Eight major business groups, including Fly Jinnah, Air Blue Limited and Arif Habib Corporation Limited, have submitted expressions of interest to participate in the privatization of PIA. Is.

Federal Minister for Privatization and Board of Investment Abdul Aleem Khan while talking about the privatization of PIA said that there has been significant progress in the privatization of PIA and 8 important business groups have shown interest and statement of qualification. Submitted.

He said that Fly Jinnah, Air Blue Limited and Arif Habib Corporation Limited have submitted bids for PIA, besides Sardar Ashraf D. Baloch, Shonksi China CIG Limited and Jerez International Private Limited.

The Minister of Privatization and Capital said that Yunus Brothers Holdings Consortium and Pak Ethanol Consortium have also expressed interest, Blue World City Consortium has also expressed interest for the privatization of PIA.

He said that these 8 institutions have submitted their qualification statement and expression of interest within the stipulated time, the Privatization Commission will carry out the pre-qualification process as per the rules and regulations of the PC Ordinance 2000.

The offer for privatization of PIA was extended till 4 pm on May 17 and the Privatization Commission will now invite eligible and pre-qualified entities for the next stage of the bidding process.

For more updates and exciting news, you can visit the ABC Express website.