Fly Jinnah and Air Blue Among Companies to Submit Expression of Interest for PIA Privatization
Federal Minister for Privatization Abdul Aleem Khan announced on Friday that the Privatization Commission has received Expressions of Interest (EOI) from nine major business groups for the privatization of PIA, as the deadline for submission of EOI ended today.
According to a statement from the Press Information Department, the minister stated that these EOIs have been submitted by various business groups, both as individuals and consortiums. Now, the Privatization Commission will initiate the pre-qualification process in accordance with the rules and regulations outlined in the PC Ordinance 2000.
Khan listed some of the entities that have submitted offers so far, including Fly Jinnah, Air Blue Limited, Habib Corporation, Sardar Mohammad Ashraf D. Baluch (Pvt.) Ltd — Shanxi CIG Limited (China), and Gerry’s International Private Limited.
Additionally, he mentioned that a consortium led by Younas Brothers Holdings (Private), another led by Pak Ethanol, and a third led by Blue World City have also expressed their interest.
The minister emphasized that these entities have submitted their Statement of Qualification and Expression of Interest within the specified timeframe, and now the Privatization Commission will invite eligible parties to participate in the next stage of the bidding process.
