PIA sell-off: 6 companies/consortiums pre-qualified for privatisation process
- Air Blue, Arif Habib Corporation, Blue World City, Fly Jinnah, Pak Ethanol Consortium, and YB Holdings Consortium included in the list
The Ministry of Privatisation on Monday said six companies/consortiums have been pre-qualified in the process of Pakistan International Airlines (PIA) privatisation.
The statement comes after a meeting of the Privatisation Commission Board, which was chaired by Federal Minister for Privatisation, Investment, and Communications Abdul Aleem Khan.
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Air Blue, Arif Habib Corporation, Blue World City, Fly Jinnah, Pak Ethanol Consortium, and YB Holdings Consortium are included in the list.
The board meeting decided that pre-qualified companies/consortiums would be able to participate in PIA’s bidding.
“We will ensure the transparent and swift privatisation of all loss-making institutions,” Aleem Khan was quoted as saying in the statement. “The technical and financial stability of the institutions participating in the privatisation process will be taken into account.”
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“We are privatising loss-making institutions to stabilise the national economy,” the minister added.
He also urged to broadcast the privatisation process live on media to ensure transparency.
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