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>Pakistan International Airlines’ (PIA) privatisation process has entered an advanced phase, with authorities aiming to complete the deal within the next two to three months. According to government officials, four bidders have been shortlisted after scrutiny and have begun due diligence to assess the airline’s financials and operations. Four Bidders Cleared for Due Diligence Out …
Continue reading “PIA Privatisation Nears Completion as Government Pushes for Final Deal”
The government plans to privatise up to 50 state-owned enterprises (SOEs) over the next three to four years. Minister for Economic Affairs Ahad Cheema shared this update during a meeting with a World Bank delegation on Monday. Cheema met with Executive Directors (EDs) and Alternate Executive Directors (AEDs) from the World Bank Group (WBG). The …
Continue reading “Pakistan to Privatise 50 State-Owned Enterprises in Next Four Years”
The government has officially set October 30, 2024, as the date for the final auction of Pakistan International Airlines (PIA), following several delays. This announcement came on Wednesday during the seventh session of the National Assembly. Auction Delayed Due to Low Bidder Interest Initially, the privatisation process was scheduled to conclude on October 1, 2024. …
Continue reading “PIA’s Final Auction Set for October 30 After Initial Delays”
