POTENTIAL investors in Pakistan International Airlines (PIA)have until June 3, 2025, to submit their expressions of interest to Pakistan's Privatisation Commission, with the government ramping up efforts to again try to sell a controlling stake in the carrier.
The commission meanwhile continues with its briefing to would-be buyers at roadshow presentations in Lahore, Karachi, and Islamabad, writes Switzerland's ch-aviation.
Several local media outlets report that the International Monetary Fund, which has extended bailout funds to Pakistan, is encouraging the government to speed up the whole or partial privatisation of many state-owned enterprises, including PIA.
An attempt to sell PIA last year failed, but the government says it has since removed several roadblocks including an 18 per cent general sales tax on the importation of new aircraft (a fleet overhaul is part of the sale conditions) and the last of the significant liabilities from PIA's balance sheet.
The government also maintains that a decision by the European Union to allow flights to resume to their airports adds value to the carrier.
The government is offering to sell 51-100 per cent of PIA's share capital along with management control.
SeaNews Turkey
The commission meanwhile continues with its briefing to would-be buyers at roadshow presentations in Lahore, Karachi, and Islamabad, writes Switzerland's ch-aviation.
Several local media outlets report that the International Monetary Fund, which has extended bailout funds to Pakistan, is encouraging the government to speed up the whole or partial privatisation of many state-owned enterprises, including PIA.
An attempt to sell PIA last year failed, but the government says it has since removed several roadblocks including an 18 per cent general sales tax on the importation of new aircraft (a fleet overhaul is part of the sale conditions) and the last of the significant liabilities from PIA's balance sheet.
The government also maintains that a decision by the European Union to allow flights to resume to their airports adds value to the carrier.
The government is offering to sell 51-100 per cent of PIA's share capital along with management control.
SeaNews Turkey
