Commission board approves eligibility criteria regarding PIA’s privatization
For this purpose, foreign investors will have to become partners with the local investors.
Islamabad: The privatization commission board has approved the eligibility criteria regarding the privatization of Pakistan International Airline (PIA).
According to the details, the bidder has to be financially strong at least having Rs30 trillions in his bank account for the auction of PIA and a pre-qualification committee has also been established while the government wants to sell PIA till this year in June.
Federal minister privatization Abd-ul-Aleem chaired a board session regarding this matter. Government asked bids for the auction of 51% on the stake of PIA.
On the other hand, the dead line has been fixed on May 3 to submit the qualification statement. For this purpose, foreign investors will have to become partners with the local investors.
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