Privatisation of PIA gains momentum as four bidders cleared

Pakistan is offering 51 per cent to 100 per cent of the airline's shares

- BY ASHFAQ AHMED

Pakistan’s long-delayed plan to privatise its loss-making national carrier, Pakistan International Airlines (PIA), moved forward as the Privatisation Commission cleared four major bidders.

The decision marks a significant step in the government's push to reform state-owned enterprises and attract private investment.

The four pre-qualified bidders include three business consortia and one airline operator, reflecting diverse interest in acquiring a majority stake in PIA along with management control.

A fifth group including Serene Air, Bahria Foundation, and others failed to qualify after a review of technical and financial documentation.

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