Karachi: UAE, Saudi Arabia, and Qatar have shown interest in buying PIA. The authorities of the Gulf countries have accelerated government-level contacts for PIA, and the investors of the companies of the three countries have discussed with the authorities. Sources say that the UAE, Qatar, and Saudi authorities have contacted PIA. The briefing has been given.
Sources say that the highest bidder will be handed over to PIA. It should be clear that the second phase of PIA Holding Company regarding the privatization of the national airline has been completed in recent days.
Later the board was announced. 7 people including the secretary of privatization and CEOPIA are included in the board while the secretary of finance, and secretary of aviation division are also part of the board. What happened? The federal cabinet approved the new board of directors of PIA a few days ago. The board’s approval is mandatory in decisions of PIA under SECP rules.
