The cabinet will also decide whether to sell the stake by tender or through a government-to-government deal, Fawad added.
Islamabad: The caretaker government has made plans to sell loss-making Pakistan International Airlines (PIA), before the upcoming general elections on February 8.
According to the details, the government decided to privatize PIA just weeks after signing the International Monetary Fund (IMF) agreement.
Moreover, Privatization Minister Fawad Hasan Fawad stated that we have done our 98 percent work regarding the privatization of PIA. The plan drawn up by transaction adviser Ernst & Young, will be presented to the cabinet for approval before the tenure of the administration ends following the election.
The cabinet will also decide whether to sell the stake by tender or through a government-to-government deal, Fawad added.
Fawad further said that what we have done in just 4 months is what past governments have been trying to do for over a decade, there is no looking back now.
Judicial Commission approves appointments of CJs of three high courts
- 2 گھنٹے قبل
Dubai successfully tests first air taxi
- 30 منٹ قبل
Massive hike in gold rates across Pakistan
- ایک گھنٹہ قبل
Cambridge offers candidates free re-sits for leaked exam papers
- 2 گھنٹے قبل
Student dies, 8 injured as van catches fire near Ahmadpur Sharqia
- ایک گھنٹہ قبل
Maternity homes sealed after 20 newborns died in Pakpattan
- 4 گھنٹے قبل
New great feature for people using Gmail on Android phones
- 3 گھنٹے قبل
Thai court suspends PM over phone call leak
- 5 گھنٹے قبل
Over 50,000 evacuated as wildfires devastate Turkey’s Izmir
- 38 منٹ قبل
Prisoners lists exchanged between Pakistan, India
- 3 گھنٹے قبل
Shadab Khan suffers shoulder injury, likely to rest for 3 months
- 4 گھنٹے قبل
KSE-100 index surges past 127,000 points
- 19 منٹ قبل
