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Bidding Begins for Privatization of Pakistan International Airlines (PIA)

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Privatisation process for Pakistan International Airlines (PIA) underway with six pre-qualified bidders vying for control.

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The privatization process for Pakistan International Airlines (PIA) began Thursday, with one of six pre-qualified bidders already submitting earnest money. Bidders include Fly Jinnah, YB Holdings, Airblue, Pak Ethanol, Arif Habib Corporation, and Blue World City. The winning bidder may acquire up to 100% of PIA’s share capital and management control, as Pakistan aims to meet IMF’s deadline.

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