US EditionPM Shehbaz hails transparency as PIA privatisation concludes with signing of transaction documents
- Yesterday, the government completed the signing of transaction documents for the privatisation of Pakistan International Airlines, and Prime Minister Shehbaz Sharif congratulated the nation on this milestone.
- By emphasising service upgrades, the government argued privatisation aims to improve PIA's performance, punctuality, cabin service and professional standards while restoring its 1960s prominence.
- Bidding closed at Rs180 billion, allocating Rs135 billion for airline improvements and Rs55 billion payable to the government, with officials saying Pakistan will benefit from the deal.
- Prime Minister Shehbaz Sharif praised Arif Habib and his team as distinguished business ambassadors, while Deputy Prime Minister Ishaq Dar, Field Marshal Syed Asim Munir, and federal ministers attended the signing ceremony.
- Shehbaz Sharif noted the process was live aired and transparent, while Adviser for Privatisation Muhammad Ali outlined salient features and said new PIA owners will prioritise passenger comfort and safety.
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Pakistan Live NewsPM Shehbaz hopes PIA will gain new heights after privatisation
Passengers' comfort, safety should be a priority of PIA: PM.Premier recalls airline was recognised name in 1960s.Pakistan to be beneficiaries of transaction: adviser privatisation.Prime Minister Shehbaz Sharif on Thursday...
PM Shehbaz congratulates nation on completion of PIA’s privatisation
Prime Minister Shehbaz Sharif on Thursday congratulated the nation on the completion of Pakistan International Airlines’ (PIA) privatisation as he, alongside Chief of Defence Forces and Army Staff Field Marshal Asim Munir, witnessed the signing of documents pertaining to the transaction. The documents were signed by the government and a consortium led by Arif Habib Corporation Limited at a ceremony in Islamabad, where several federal ministers w…
Islamabad Airport Privatization After PIA: Open Bidding Plan Revealed
ISLAMABAD: After Pakistan International Airlines (PIA), the government has declared Islamabad International Airport as its next major priority for privatization, officials told a Senate panel on Tuesday. Briefing the Senate Standing Committee, the Secretary of the Ministry of Privatization said the airport will not be handed over through a government-to-government deal. Instead, the process will be carried out through open and competitive biddin…
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