Pakistan Peoples Party Forms Committee to Discuss Privatization Issues
The Pakistan Peoples Party (PPP) chairman, Bilawal Bhutto-Zardari, has established a committee to engage in discussions with the federal government regarding privatization concerns. The committee comprises Sherry Rehman, Syed Naveed Qamar, and Saleem Mandviwalla.
Ten Companies Express Interest in Acquiring PIA Stakes
Fly Jinnah, AirSial, and Arif Habib Group. Other interested parties include Shujaat Azeem Group's consortium, Tabba, Tariq Group, and Sehgal Group.
PIA Privatization Deadline Extended to May 18th
The deadline for PIA privatization has been extended from May 3rd to May 18th, providing these companies additional time to refine their proposals. The Federal Minister for Privatization, Abdul Aleem Khan, has stated that there will be no further extensions beyond this deadline.
Roadshows Fail to Achieve Significant Success
Despite conducting various roadshows, the Privatization Commission and the PIA administration have not achieved significant success in attracting investors.