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Pakistan, which is facing economic crisis, is now going to sell its airline PIA (Pakistan International Airlines). Privatization of PIA is on the agenda of the new government of Pakistan since the completion of the work of the caretaker government. According to Pakistan’s news channel ARY, the Pak government is going to privatize PIA soon and all the initial preparations have been done for this.
On Wednesday, a media report said that Pakistan is currently facing a lot of cash shortage. To overcome this shortage, the Pakistan government is now ready to give the government departments of the country to private hands. China has already interfered in many important resources of Pakistan through CPEC and now PIA, which is considered the identity of Pakistan abroad, is also going to come under a private company.
6 companies selected for auction
According to ARY News, 6 companies have been shortlisted by the government for privatization. In the final process, these 6 companies will participate in the auction of the airline. The airline has asked the selected companies to complete the paperwork by July. Meanwhile, officials are providing necessary information related to the auction to the shortlisted companies.
Let us tell you that six companies have been allowed to participate in the auction for privatization of Pakistan International Airlines (PIA), although no information has been given about which are these six companies.
The auction will be broadcast live
This decision has been taken during the meeting of the Privatization Ministry Board held this week. The meeting was chaired by Privatization Minister Aleem Khan. Aleem has emphasized the government’s commitment to ensure a transparent and effective privatization process of all loss-making government-controlled firms. To bring transparency in the bid and increase confidence, Aleem has recommended live broadcasting on media outlets.
