Privatisation Commission Plans Bidding for PIACL on October 1 Following Review of Six Prequalified Bidders

Islamabad: The Privatisation Commission convened a meeting under the chairmanship of the Minister for Privatisation, Mr. Abdul Aleem Khan, on September 20, 2024, to discuss the ongoing privatisation process of Pakistan International Airlines Corporation Limited (PIACL). The board meeting focused on reviewing the current status and prospective changes in the privatisation strategy, particularly evaluating the recommendations made by the Financial Advisor.

According to Privatisation Commission, the board examined the stipulations under the Request for Statement of Qualification (RSOQ) and considered the Financial Advisor’s recommendations regarding permissible changes. The discussion underscored the strategic importance of the privatisation initiative and its alignment with the defined protocols and regulatory frameworks.

Furthermore, the commission has successfully prequalified six bidders for the upcoming bidding of PIACL. These include Fly Jinnah, a consortium led by YB Holdings (Pvt.) Limited, Airblue Limited, another consortium spearheaded by Pak Ethanol (Pvt.) Limited, Arif Habib Corporation Limited, and Blue World City. The slated bidding event is set for October 1, 2024, marking a significant step towards the privatisation of one of the country’s key airline entities.

The Privatisation Commission’s meeting delineates a clear pathway for the privatisation process, ensuring that all legal and strategic parameters are adhered to, with the aim of enhancing the efficiency and competitiveness of the national carrier in the global aviation market.

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