Privatisation Commission Board Meeting

Press Release No.  09/2024

The 217th meeting of the Privatisation Commission Board, being held under the chairmanship of the Federal Minister for Privatisation, Abdul Aleem Khan concluded today at the Privatisation Commission, Islamabad. The Privatisation Commission Board in the two sessions held on 2nd and 4th April, 2024 gave approval of the Prequalification Criteria and the Prequalification Committee for the evaluation of bids/interests to be submitted for the divestment of Pakistan International Airlines Corporation Limited (PIACL).

At the meeting the Federal Minister for Privatisation, Abdul Aleem Khan expressed that PIACL is a very attractive opportunity for both local and international investors especially after the restructuring of the airline where major liabilities of the company have been taken off its balance sheet. The Federal Minister hoped that the Pakistani business community will also look at this opportunity with enthusiasm and will show their interest in acquiring the national airline.

The Privatisation Commission has invited expression of interest from interested parties willing to bid for the majority stakes in PIACL through an advertisement published on 2nd April, 2024 in national and international newspapers. The Invitation for EOI and all related documents are available on Privatisation Commission’s website.