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PIA PRIVATISATION PROCESS
Pakistan sells loss-making PIA for Rs 135 billion after competitive biddingPakistan has sold its national airline, PIA. The privatization process concluded with a sale price of Rs 135 billion. A consortium led by A...- Pakistan draws three bids in second televised privatisation for national carrier PIAPakistan is trying to sell its national airline, Pakistan International Airlines. This is the second attempt after a failed auction last ye...
- Pakistan International Airlines continues to face flight disruptionsPakistan International Airlines faced significant flight disruptions on Wednesday due to a dispute with aircraft engineers over salary incr...
- Britain lifts ban on Pakistani airlinesGreat Britain has removed the ban on Pakistani airlines. This ends a five-year restriction that started in June 2020. The ban followed a pl...
- Pakistan eyes $1 billion valuation in Roosevelt Hotel redevelopment plan, source saysPakistan aims for a billion-dollar valuation of its Roosevelt Hotel in New York. The government seeks a partner for redevelopment via a joi...
- Pak authorities make fresh effort to sell cash-strapped PIAPakistan is making another attempt to privatise Pakistan International Airlines (PIA) after a failed effort last year. The Privatisation Co...
- Pakistan national airline hopes to resume Europe flights soon after regulator lifts banPakistan International Airlines (PIA) plans to restart flights to Europe and the UK soon after the EU aviation regulator lifted the ban. PI...
- European aviation watchdog lifts ban on PIA for Europe flights: Pak minister Khawaja AsifThe European aviation watchdog has lifted the ban on Pakistan International Airlines (PIA) for flights to Europe. The ban was imposed in 20...
- Pakistan: PIA likely to be sold to a foreign government via SIFCPakistan International Airlines (PIA) may be sold to a foreign government after the Privatisation Commission rejected a Rs10 billion bid fr...
- Oversees Pakistani group Al Nihang offers to acquire debtridden Pakistan's national airlinesAl-Nihang, a Pakistani group based overseas, has submitted a bid of PKR 100 billion to acquire Pakistan International Airlines (PIA). The o...
- Pakistan's Punjab Govt shows bidding interest in PIA, considers launching 'Air Punjab'The Punjab govt, led by Chief Minister Maryam Nawaz, is considering either purchasing Pakistan International Airlines (PIA) or establishing...
- Pakistan's effort to privatise national airline gets sole bidder offering lower than govt-set minimum pricePakistan's attempt to privatise Pakistan International Airlines drew minimal interest. Only Blue World City made a bid of Rs 10 billion for...
- Pakistan to hold final bidding for national airline with shortlist of onePakistan will open the bidding process for its national airline, Pakistan International Airlines (PIA), on Thursday, seeking to sell a 51-1...
- Privatisation of Pakistan International Airlines schedule for early August: ReportsIn the upcoming privatisation of Pakistan International Airlines, Finance Minister Muhammad Aurangzeb and Coordinator to Prime Minister Sha...
- Pakistan to privatise all SOEs, except strategic enterprises: PM SharifAsserting that the government's job is not to do business but to ensure a business and investment-friendly environment, Sharif directed all...
- Pakistan approves plan to sell PIA airline on eve of electionPakistan's caretaker cabinet has granted approval for the privatisation of the financially struggling Pakistan International Airlines (PIA)...
- Pakistan International Airlines on verge of shutdown as 537 flights cancelled in 11 daysPIA is facing its worst crisis in history as Pakistan State Oil (PSO) has cut its fuel supply over unpaid dues. The move forced the airline...
- Pakistan to privatise loss-making national airline; govt plans to outsource airport operations in line with IMF dealThe committee also backed the hiring of a financial adviser to process the transaction of Roosevelt Hotel, New York, an asset of the PIAInv...
- Pakistan aims to earn $ 4 billion though privatisation of SOEsPakistan aims to raise $ 4 bn by selling some key state-owned enterprises, including national carrier PIA, to repay its debt & ameliorate p...
- Pakistan to privatise 31 entities to meet IMF bailout clausePakistan has decided to sell at least 26 per cent shares of 31 state-owned entities, including PIA and Pakistan Railways.
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