Pakistani PM announces live privatisation bidding; Reaffirms transparency; Hosts business leaders, company representatives.its full energies to restoring the airline’s identity and securing its long-term growth
The participants praised the government for adopting a transparent and professional mechanism for the privatisation exercise.
The government has been seeking to sell a 51-100 per cent stake in the struggling national airline to raise funds and reform cash-draining, state-owned enterprises as envisaged under a $7 billion International Monetary Fund (IMF) programme.
It would be the country’s first major privatisation in nearly two decades. Four bidders have been pre-qualified for the sale: Lucky Cement Consortium, Arif Habib Corporation Consortium, Fauji Fertiliser Company Limited and Air Blue Limited.
