Pakistan's Ministry of Privatisation selects winning bidder for divestment of PIA
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Background ✨
Pakistan's Ministry of Privatisation qualified submissions from four parties, including airblue, Fauji Fertilizer Company and two consortia, for the acquisition of a 51% to 100% stake in PIA, with the auction anticipated in 4Q20251. Prime Minister Shehbaz Sharif stated the bidding was aimed at restoring competitiveness to the carrier and was scheduled for 23-Dec-2025, with the sale planned for 20252.