Ministry of Privatisation Pre-Qualifies Companies for PIA Privatisation

The Ministry of Privatisation has revealed that six companies/consortiums have been pre-qualified for the Pakistan International Airlines (PIA) privatisation process. This decision was reached during a meeting of the Privatisation Commission Board, chaired by Federal Minister for Privatisation, Investment, and Communications Abdul Aleem Khan. The entities that have been pre-qualified include Air Blue, Arif Habib Corporation, Blue World City, Fly Jinnah, Pak Ethanol Consortium, and YB Holdings Consortium.

These pre-qualified companies/consortiums will now have the opportunity to participate in the bidding process for PIA. Minister Aleem Khan stressed the importance of maintaining transparency and efficiency in the privatisation of financially struggling institutions. He also highlighted the need to assess the technical and financial stability of the entities involved in the privatisation process.

Furthermore, the minister reaffirmed the government's dedication to privatizing loss-making institutions as part of broader efforts to bolster the national economy. He emphasized the significance of live broadcasting the privatisation proceedings on media platforms to ensure transparency throughout the entire process.

The pre-qualification of these companies/consortiums marks a significant step in the PIA privatisation process. With a focus on transparency and efficiency, the government aims to strengthen the national economy by privatizing struggling institutions. By involving multiple entities in the bidding process, the goal is to find a suitable buyer for PIA that can ensure its long-term sustainability and growth.