Pakistan is set to privatize its national airline, Pakistan International Airlines (PIA), by early August due to financial constraints, according to a report on Wednesday.
The government has prioritized the privatization of PIA following groundwork laid during the caretaker government’s tenure to prepare for elections. Sources close to the matter told ARY News that six companies have been shortlisted for the privatization bid.
These companies have requested detailed information about PIA and are expected to finalize their assessments by July. Concurrently, authorities are facilitating the provision of necessary information to the consortium of shortlisted companies.
The Privatization Commission Board, chaired by Minister Aleem Khan, recently approved a consortium of six pre-qualified companies to participate in the bidding process for PIA. Khan emphasized the government’s commitment to transparency, proposing live broadcasting of the privatization proceedings to ensure accountability and confidence among stakeholders.
