global investors

Private Commission invites global investors for PIA Privatization bids

Tamseela Akhtar

Tamseela Akhtar

— 1 min read
Private Commission invites global investors for PIA Privatization bids

ISLAMABAD, April 02: Pakistan International Airlines (PIA), the esteemed national flag carrier, is set to undergo privatization as the Privatization Commission of Pakistan initiates the process by inviting expressions of interest from global firms to acquire a significant 51% shares in the airline.

The deadline for the submission of applications has been fixed for May 3, 2024. The successful bidder will not only secure a major shareholding but also gain complete management control over PIA.

Established in 1955, PIA holds a prestigious legacy within Pakistani aviation. Its remarkable journey includes transporting over 20 million passengers by the year 2023. Presently, PIA operates a robust network of 260 weekly flights, spanning 97 international routes, and serving 34 diverse destinations. Annually, the airline handles a substantial passenger volume of 5 million travelers.

Interested companies keen on participating in the bidding process are required to remit a non-refundable fee of $5,000 to the Privatization Commission.

Read more

Parliamentary Delegation from Pakistan to Visit the Parliaments and Parliamentary Budget Offices of Ireland and Austria with support from European Union

Parliamentary Delegation from Pakistan to Visit the Parliaments and Parliamentary Budget Offices of Ireland and Austria with support from European Union

The European Union Delegation to Pakistan hosted a pre-departure reception ahead of a visit of Pakistan’s Parliamentarians to the Parliaments and Parliamentary Budget Offices (PBOs) of Austria and Ireland. This high-level delegation, comprising 23 distinguished members, is led by the Chairman of the Senate of Pakistan. Representing Pakistan’s

By Tamseela Akhtar