Sep 25, 2024 08:16 AM IST
Bidding for Pakistan International Airlines is set for Oct. 1. The government plans to sell 51% to 100% of the airline to address losses.
Bidding for Pakistan’s national airline will be held on Oct. 1, broadcaster Ary News reported on Tuesday, citing a statement by the head of the National Assembly privatisation committee.
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“The (Pakistan International Airlines) auction will be finalised on the first day of next month,” National Assembly member Farooq Sattar was reported to have told a session of the committee.
Pakistan’s government has previously said it would sell between 51% and 100% of the loss-making airline as part of reforms urged by the International Monetary Fund.
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