Timeline for PIA privatization revealed

Minister for Investment and Privatisation Abdul Aleem Khan has revealed the timeline for the privatization process of the Pakistan International Airlines (PIA).

In a statement the minister said that all concerns of the parties interested in the process of privatisation of the national carrier have been addressed properly

The government decided to make changes according to the preferences of parties interested in buying PIA stake, said Aleem Khan adding that the process would be completed in three months.

“To make PIA’s privatisation more attractive, a new roadmap is being provided, and it is expected that all stages of this privatisation process will be completed within the next three months,” he added.

The minister said that the government is expecting better offers from investors this time around, following the restoration of PIA flights to Europe.

“Due to recent measures, the national airline is ready to become profitable again,” he added.

Abdul Aleem further shared that after Europe, flights to the UK would begin within the next three months.

He went on to reveal that after complete restoration of flights to UK and Europe, the PCI would soon resume its flights to the United States and the far East in the next phase.

The privatisation minister assured that with positive steps, PIA’s credibility be restored and the airline would be brought back to its peak.

The minister was optimistic that the PIA would become profitable once again.

The minister expressed hope that this time, the privatisation process would be better and more feasible which would positively impact the overall privatisation process, as well.