Bilawal Bhutto Zardari, leader of the Pakistan Peoples Party (PPP), has formed a committee to address privatization concerns with the government.
The committee, as per a notification from the Chairman’s Secretariat, comprises Sherry Rehman, Syed Naveed Qamar, and Saleem Mandviwalla.
Last week, reports surfaced indicating the interest of ten companies in acquiring majority stakes in Pakistan International Airlines (PIA).
These ten companies, including three domestic aviation firms, have submitted their applications for tenders.
Fly Jinnah, AirSial, Arif Habib Group, Shujaat Azeem Group’s consortium, Tabba, Tariq Group, and Sehgal groups are among those interested in acquiring the majority of PIA shares.
Initially set for May 3, the deadline for PIA privatization has been extended to May 18, allowing these companies ample time to finalize their proposals. Federal Minister for Privatisation, Abdul Aleem Khan, emphasized that no further extensions would be granted beyond this deadline.
Despite efforts, including roadshows conducted by the Privatisation Commission and the PIA administration, significant progress in privatization has not been achieved, sources revealed.
