Pakistan Airlines gets just one bidder, quotes PKR 10 billion for 60% share
Nov 01, 2024
Pakistan government's attempt to privatise Pakistan International Airlines (PIA) hit a snag as the only bidder, Blue World City, offered PKR 10 billion for a 60 per cent stake--far below the minimum sale price of PKR 85 billion. The bidding process saw no competition after five other parties withdrew, citing stringent government conditions.