PIA ready to go under the hammer on 30th

Parliamentary Secretary for Communication Gul Asghar Khan on Wednesday informed the lower house of parliament that the final auction of the state-owned PIA Corporation would be held on October 30th.

The Parliamentary Secretary was responding to the query of MNA Sharmila Faruqui Hashaam during the seventh meeting of the 10th National Assembly session here.

Khan said the PIA privatization was a detailed process conducted under the elaborate structure of privatization. The process was initiated in February 2024 and would be finalized on October 30th, he added.

He said the process involved different institutions including the Privatization Commission Board, chaired by the Minister, and that the Privatization Commission Secretary was serving as its secretary.

The PIA's privatization decision, he said, was approved by the Cabinet Committee on privatization. "PIA assets have been parked separately as its operational assets have been separated whereas the final auction will be held under PIA Corporation on October 30th," he said.