Pakistan Airlines gets just one bidder, quotes PKR 10 billion for 60% share

The government's effort to privatise Pakistan International Airlines (PIA) failed as the only bidder, Blue World City, offered PKR 10 billion for a 60% stake, significantly lower than the PKR 85.03 billion minimum. The lack of competition and high government demands discouraged other bidders.

Nov 1, 2024 - 16:00

Pakistan Airlines gets just one bidder, quotes PKR 10 billion for 60% share

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The government's effort to privatise Pakistan International Airlines (PIA) failed as the only bidder, Blue World City, offered PKR 10 billion for a 60% stake, significantly lower than the PKR 85.03 billion minimum. The lack of competition and high government demands discouraged other bidders.