Tuesday, Dec 3 2024 | Time 19:27 Hrs(IST)
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WorldPosted at: Nov 1 2024 8:58PM


Pakistan International Airlines privatisation: Sole bidder offers only PKR 10bn for 60 pc share

Islamabad, Nov 1 (UNI) In a major setback, Islamabad’s attempt to privatise its national air carrier Pakistan International Airlines (PIA) attracted a single bidder who offered only PKR 10 billion as final price for a 60 percent share, against the government’s minimum rate of PKR 85 billion.
The government’s first serious move to privatise its financially plagued airline fell through on Thursday, as the sole bidder was offering only 12 percent of the government’s stipulated price.
In USD, this equates to a mere
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Tags: #Pakistan International Airlines privatisation: Sole bidder offers only PKR 10bn for 60 pc share
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