Al-Nihang, an overseas Pakistani group has offered to acquire Pakistan International Airlines for the cost of PKR 100 billion amid a set of terms and conditions, Ary News reported.
Pakistan Punjab Chief Minister Maryam Nawaz has expressed interest in acquiring Pakistan International Airlines (PIA) or establishing a new airline, Air Punjab. This follows Khyber Pakhtunkhwa's (KP) recent indication of interest in the national carrier.
The Khyber Pakhtunkhwa government has shown interest in the privatisation of Pakistan International Airlines (PIA), aiming to offer a competitive bid. The province's investment board has written to Federal Minister for Privatisation Abdul Aleem Khan, noting its intent to surpass the bid from
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
The bid submission and opening for the purchase of PIA will take place on Thursday. Sources said that the privatization process will adhere strictly to regulatory frameworks and guidelines and will ensure full compliance with legal requirements.
Pakistan International Airlines (PIA) fleet, originally consisting of 33 aircraft, has shrunk further due to technical issues, leaving only 16 planes available for domestic and international flights.
During a Senate Privatisation Committee meeting chaired by Senator Talal Chaudhry, it was revealed on Thursday that companies interested in acquiring PIA are requesting significant changes
he national air carrier of Pakistan, Pakistan International Airlines (PIA) escaped a major accident when all of its tyres burst during its takeoff from the Dubai International Airport, in the plane carrying 172 passengers from Dubai to Multan
Customs officials at Jinnah International Airport in Karachi have seized over AED 100,000 from two passengers, Muntazir Mehdi and Mohammad Kashif, who were attempting to smuggle the cash out of Pakistan on a flight to Dubai, violating currency regulations
Pakistan International Airlines (PIA) has taken action against the Deputy Station Manager based in Birmingham after an investigation revealed discrepancies in their educational qualifications.
Amid the ongoing talks about Pakistani Airlines privatisation, the National Assembly's standing committee on aviation was informed on Monday that the process is almost complete.