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ISLAMABAD: The Minister for Privatisation held a meeting with potential financial advisors of the PIACL transaction here on Monday.

Forty-two participants from local and international advisory firms attended the meeting online and in person.

Dues of AACL: ECC approves Rs8bn financing for PIACL

The minister responded to questions and queries of the participants on various aspects of PIA financial advisory RfP such as the financial and organizational restructuring of the PIA, divestment timeframe, data availability and provision to successful bidder, etc.

The minister was accompanied by the secretary Privatisation Division, secretary Privatisation Commission, DG, and consultants.

Copyright Business Recorder, 2023

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Yousaf Hyat Oct 31, 2023 06:48am
Give to Emirates on rent ..
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Maqbool Oct 31, 2023 03:09pm
@Yousaf Hyat , already done ………
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Tariq Sultan Oct 31, 2023 03:38pm
Privitazation is a multi task exercise both within and outside the organization, unfortunately government of Pakistan lacks the expertise to handle the task for its finalization...Normally privatisations are carried out by internation organizations specializing in such huge process...I think this exercise is more for selling on throw away price without safeguarding the interests of its assests nor of its employees...Its a futile excercise without any gains...Primarily the plan to privatise is due the mishandling by the government which keeps on interfering in the policy making of the airline...A failure of the goverment to streamline the running of the carrier....
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