PIA
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Govt set to hold another round of bidding for PIA: minister
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View of a Pakistan International Airlines (PIA) passenger plane, taken through a glass panel, at the Allama Iqbal International Airpor in Lahore. — Reuters/File ISLAMABAD: The government is “poised to restart the bidding process for the privatisation of Pakistan International…
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KP govt reiterates interest in acquiring PIA
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A representational image of PIA airplane. — AFP/File The Khyber Pakhtunkhwa (KP) government has written another letter to the privatisation minister, seeking an update on its previous letter expressing interest in acquiring the national airline, PIA. In its initial correspondence…
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PIA receives only Rs10bn bid for stake from lone bidder
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Final bidding process for the privatisation of Pakistan International Airlines (PIA) held at local hotel in Islamabad, October 31, 2024. — Screengrab via YouTube/Geo News ISLAMABAD: The Pakistan International Airline (PIA) has received a Rs10 billion bid from lone bidder…
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Bidding for PIA privatisation to take place with one bidder
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A representational image of PIA airplane. — AFP/File KARACHI: The federal government is set to hold the bidding process for the privatisation of Pakistan International Airlines (PIA) with just one bidder on Thursday. The process, as per the Privatisation Ministry, would…
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Finance minister assures PIA privatisation in ongoing year
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Finance Minister Muhammad Aurangzeb poses after taking oath in Islamabad, Pakistan March 11, 2024. — Reuters Amid incumbent government’s strenuous efforts to tackle multi-prong challenges faced by the country on the economic front, Finance Minister Muhammad Aurangzeb has assured the privatisation…
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PIA privatisation process to conclude by October: Khawaja Asif | The Express Tribune
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The Federal Minister for Aviation, Khawaja Asif, has announced that the privatisation process of Pakistan International Airlines (PIA) will be completed by the end of October. Speaking during a National Assembly session, Asif emphasised the urgent need for privatisation, citing…
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Slim prospects for PIA privatisation | The Express Tribune
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ISLAMABAD: The government disclosed on Thursday that out of six selected parties, only two appear serious about acquiring Pakistan International Airlines (PIA). The entity may not fetch as good a price as was possible during the last attempt to privatise…
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PIA privatisation expected to be completed by Oct 1, Senate body told
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A representational image of PIA airplane. — AFP/File ISLAMABAD: The Pakistan International Airline’s (PIA) privatisation process will not be extended beyond October 1, Privatisation Commission Secretary Usman Bajwa informed Senate Standing Committee on Privatisation on Thursday. Islamabad has for years…
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PIA announces 30% fare reduction for Karachi to Jeddah, Madinah flights
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Crew members disembark from a Pakistan International Airlines (PIA) flight at Kabul Airport, Afghanistan, September 13, 2021. — AFP LAHORE: In a bid to ease financial burden on travellers, the Pakistan International Airlines (PIA) has announced a significant 30% reduction…
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PIA suffers Rs21.81b loss due to aircraft grounding | The Express Tribune
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KARACHI: Pakistan International Airlines (PIA), which is currently for sale, has suffered a staggering operational and financial loss exceeding Rs21.81 billion due to the prolonged grounding of aircraft in its fleet for maintenance. According to the auditor general’s report, the…
