Govt to invite fresh bids for PIA privatisation

The federal government has decided to invite fresh expressions of interest (EOIs) on April 24 for the privatisation of Pakistan International Airlines (PIA), providing a window of at least one month to both domestic and international investors.

According to the Privatisation Commission, the pre-qualification criteria have been made more stringent to ensure that only serious and credible investors participate in the process.

The plan involves the sale of 10% to 51% of PIA shares, with officials assuring that employees' rights and the current service structure will be safeguarded throughout the transition.