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The Ministry of Privatisation said that it has received Statement of Qualifications from eight entities after the time to submit the expression of interest ended at 4pm on Friday.

“The Privatisation Commission has received Statement of Qualifications from (1) Fly Jinnah, (2) Air Blue Limited, (3) Arif Habib Corporation Limited, (4) Sardar Ashraf D. Baluch - SHANXI CIG Co Ltd (China), (5) Gerry’s International (Private) Limited, (6) Consortium Lead by Y.B. Holdings (Private) Limited, (7) Consortium Lead by Pak Ethanol and (8) Consortium Lead by Blue World City,” it said in a press release.

The Privatisation Commission will now carry out the pre-qualification process in line with the criteria laid down in the RSOQS, under the PC Ordinance 2000 and rules & regulations framed thereunder.

“Accordingly, the pre-qualified parties will be invited for the next stage of bidding process.”

The deadline to submit expression of interest (EoI) was earlier extended by two weeks (May 3 to May 17) by Federal Minister for Privatisation, Abdul Aleem Khan, amid unconfirmed reports that local and international companies had shown preliminary interest in PIA’s privatisation.

The minister had also said that three local airlines were also among potential parties and wanted to form a consortium with international companies.

Comments

200 characters
Usman May 17, 2024 11:33pm
Sell it to fly Jinnah.air Arabia has good experience and can make pia profitable and create more jobs.
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ali May 18, 2024 01:36am
give to someone that is already running an airline . oh what is this blue world city , illegal housing society ??? they are complete scam and have no experience
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Abdul Saeed May 18, 2024 08:47am
PIA privatisation is a failure of the corrupt government of Pakistan. Unable to manage PIA properly & PIA is going to be sold very cheap.
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Raja Nawaz May 18, 2024 09:23am
Pia needs honest and experienced team to became world's no 1 air line. Pia has the Worlds profitable routes of Europe, America, Canada, Middle East, Asia and China. PIA becomes profitable airline.
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Haroon pasha May 18, 2024 09:46am
Go privately Immediately p.i.a corrupt people
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Taruq sultan May 18, 2024 10:22am
Invetment shall go down the drain due to economic woes of the country and negative business practices
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Abdul May 18, 2024 12:38pm
@Haroon pasha, every one corrupt other than me.... philosophy of Pakistani people
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Khadim Hussain May 18, 2024 01:26pm
Out of 8 bids no one is competent to handle this business.
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Saif Asim May 18, 2024 08:37pm
Best option would be to sell it to Turkish Airlines (TK) and with already ongoing codeshare agreements, it would essentially 'flip' PIA and allow them to fly back to EU, US, etc.
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ENGR Hamid Shafiq May 18, 2024 11:27pm
@Khadim Hussain , you are wrong two airlines participating in the process how you tell nobody capable to run this airlini?
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Fatima May 19, 2024 01:11am
@Saif Asim, Turks aren’t interested
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Masood khan May 19, 2024 11:34am
@Usman, True
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Masood khan May 19, 2024 11:37am
Private it genuine company.
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Salman Beg May 19, 2024 01:26pm
Fly Jinnah is my choice to acquire PIA.
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Salman Beg May 19, 2024 01:27pm
Fly Jinnah is my choice.
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Aamir May 20, 2024 12:40pm
@Usman, they need to cut jobs as it's already overstaffed with useless people. Which world do you live in
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Aamir May 20, 2024 12:41pm
@Abdul Saeed , so what do you suggest? Not sell and burden the tax payer? It's good riddance
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Mazhar Alam Jun 10, 2024 12:11pm
I think the best option would be to go for Air Blue so that locals and Pakistanis can benefit from the dividends.....Fly Jinnah is sub outlet of airarabia and has nothing local except name
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