Privatisation Commission Advances Divestment of Pakistan International Airlines

Islamabad, The 219th meeting of the Privatisation Commission Board was conducted on June 3, 2024, chaired by Abdul Allem Khan, Minister for Privatisation. The session was dedicated to evaluating and pre-qualifying bidders for the divestment of Pakistan International Airlines Corporation Limited (PIACL), with six parties moving forward in the bidding process.

According to Press Information Department, the pre-qualification committee reviewed the Statement of Qualifications (SOQs) submitted by eight interested parties and recommended six for the next phase based on technical, financial, and documentary standards set in the Request for Statement of Qualifications (RSOQ). Those advancing include Fly Jinnah Limited, Air Blue Limited, Arif Habib Corporation Limited, and three consortia led by Y.B. Holdings, Pak Ethanol, and Blue World City respectively.

The meeting also touched upon the ongoing enhancement of postal services under the leadership of Abdul Aleem Khan, emphasizing improvements and public trust in Pakistan Post. The next steps for the pre-qualified parties include buy-side due diligence, part of the PIACL divestment strategy outlined earlier this year.