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.
Despite a substantial loan from the Asian Development Bank (ADB) aimed at bolstering reforms, the cumulative debt of PSEs has soared to PKR 1.7 trillion, with an additional borrowing exceeding Rs43 billion in the fiscal year 2024.
The long-awaited privatization of Pakistan International Airlines (PIA) is expected to take place in early August 2024, with six shortlisted companies seeking detailed information about the airline and requesting time until July to review its financial issues.
The announcement came a couple of weeks after Pakistan extended the date for submitting expressions of interest. A total of eight companies and consortiums had expressed an interest.
Following a recent meeting, the EU found no compelling reasons to revise its existing list of prohibited air carriers operating within the Union, which includes Pakistani airlines.