Follow Us on Google News
In response to the government’s recent decision to privatize Pakistan International Airlines (PIA), a surge of interest from both local and international investors has emerged, signaling a potential shift in ownership for the national carrier.
According to a report by Aaj News, numerous international investors from countries including Germany, France, Holland, Qatar, the United Arab Emirates, Malaysia, and Turkey have expressed keen interest in acquiring PIA. Alongside these international parties, several local groups have also indicated their intent to participate in the venture.
Just two days ago, the board members of PIA finalized the decision to privatize and restructure the company. This move has prompted the Federal Minister of Aviation to convene an online meeting with Pakistani ambassadors in the aforementioned countries. During the meeting, it was proposed that both local and international investors would play a significant role, aimed at bolstering the involvement of local investors in the bidding process and ensuring a diverse pool of participants.
The government has been actively advancing the privatization agenda for PIA, which includes the establishment of a holding company as one of the initial steps towards this goal. As discussions and negotiations unfold, the future ownership structure of PIA remains subject to the outcome of these investor interests and bidding processes.
