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ISLAMABAD: In a major development, overseas Pakistani investment group Al-Nahang has offered over Rs 1.25 trillion for the privatization of Pakistan International Airlines (PIA). This bold move comes as PIA faces deep financial struggles and increasing privatization talks. Al-Nahang sent their proposal via email to several high-ranking officials, including the Minister of Privatization, the Minister …
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LAHORE: The Punjab government announced on Monday that it will not pursue the acquisition of Pakistan International Airlines (PIA). This decision comes amid a significant shift in the privatization landscape of the struggling national carrier. No Plans for PIA Purchase Punjab Information Minister Azma Bokhari confirmed during a press conference that the provincial government has …
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ISLAMABAD: Former finance minister Miftah Ismail criticized the Khyber Pakhtunkhwa and Punjab governments for their interest in acquiring the struggling Pakistan International Airlines (PIA). He emphasized that provincial governments should prioritize public service over managing airlines. “No government in the world operates airlines,” Miftah stated during a discussion on Geo News’ program Naya Pakistan. Failed …
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The Khyber Pakhtunkhwa (KP) government has shown interest in buying Pakistan International Airlines (PIA). KP’s Board of Investment and Trade (KP-BOIT) vice chairman, Hassan Masood Kunwar, sent a letter to Federal Minister for Privatisation, Aleem Khan. In it, KP-BOIT assured the federal government that it would bid higher than the current Rs10 billion offer by …
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Islamabad: The government’s first serious attempt to privatise Pakistan International Airlines (PIA) failed on Thursday. Blue World City, the only bidder, offered Rs10 billion for a 60% stake in the airline—far below the minimum price of Rs85 billion set by the government. The gap between the offer and the required price led to the cancellation …
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The final bidding process for the privatization of Pakistan International Airlines (PIA) is set to occur today in Islamabad. Reports from aviation sources indicate that all preparations for this crucial event are complete. Officials have finalized arrangements at a private hotel in the capital. This bidding process marks a significant step in the government’s efforts …
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The privatization of Pakistan International Airlines (PIA) will be completed by October 1, 2024. The Privatization Commission Secretary informed the Senate Committee of the privatization during a recent meeting. This move follows directives from Prime Minister Shehbaz Sharif, who has set the deadline to ensure the process is completed on time. The government aims to …
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