Potential buyers from Saudi Arabia, the United Arab Emirates, and Qatar have emerged in the bid to acquire Pakistan International Airlines (PIA), demonstrating a keen interest in taking over the national carrier.
This development arises as the Pakistani government endeavors to privatize PIA in response to financial challenges. Government representatives have reportedly engaged in discussions with senior officials from these Gulf nations, providing them with details regarding the potential acquisition.
Insider reports indicate that authorities from the Gulf region have escalated communication with the Pakistani government concerning the potential purchase of PIA.
According to aviation insiders, investors from the Gulf have initiated talks with top officials regarding the acquisition of PIA. In these discussions, representatives from the UAE, Qatar, and Saudi Arabia were purportedly briefed on the matter.
Sources also suggest that the bidding process for the sale of PIA is currently underway, with the highest bidder expected to secure ownership of the airline.
