The 217th meeting of the Privatisation Commission Board, held under the chairmanship of the Federal Minister for Privatisation, Abdul Aleem Khan, concluded on April 4 at the Privatisation Commission, Islamabad. In the two sessions held on 2nd and 4th April 2024, the Privatisation Commission Board approved the Prequalification Criteria and the Prequalification Committee for evaluating 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 would look at this opportunity enthusiastically and show interest in acquiring the national airline.

The Privatisation Commission has invited expressions 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 the Privatisation Commission’s website.