The Cabinet Committee on Privatisation has approved the reference price for the upcoming sale of a significant stake in Pakistan International Airlines (PIA) as the privatisation process moves into a decisive stage.
Sealed bids have been submitted by pre-qualified parties for the majority share being offered, and the reference price will serve as the benchmark for evaluating those offers. With the price now approved, officials are preparing to open the bids in a public and transparent ceremony, bringing the country closer to completing one of its largest privatisation initiatives in years.
READ MORE: PTA Encourages Telcos to Use AI to Boost Mobile Network Quality
This step follows months of preparation, which included screening interested bidders and outlining the terms for sale. The reference price approval adds credibility to the process and sets the stage for competitive bidding, with government authorities emphasizing transparency and fairness throughout.
Observers say the privatisation of PIA — traditionally a loss-making national carrier — is a key element of broader economic reform efforts, aimed at restructuring state-owned enterprises, improving efficiency, and attracting investment in the aviation sector.
