PIA sell-off likely in August
Six companies have been shortlisted for the privatisation process of the national carrier
PHOTO: FILE
ISLAMABAD:
The privatisation of PIA is likely to take place in the first week of August.
According to sources, six companies have been shortlisted for the privatisation process of the national carrier.
The shortlisted companies have asked for the provision of details about the PIA and sought time till July to review its financial issues.
The consortium of shortlisted companies is being provided with details about the PIA.
The announcement that the government had chosen six companies qualified to bid to buy the PIA came earlier this month a couple of weeks after it had extended the date for submitting expressions of interest.