The Privatization Committee recommended a single transportation structure for the sale of the Roosevelt Hotel in New York City, and a senior official informed the Senate Senate.
During the committee meeting, the Minister of Privatization, Othman, chosen Bajwa, revealed that a new committee has been formed to involve investors to privatize the upcoming Pakistani International Airlines (PIA).
The committee suggested tightening pre -qualification standards for PIA privatization, with the aim of excluding non -working offers, such as Blue World City, who previously participated in a failed attempt to privatize the airline. Last year, this effort attracted only one offer from Blue World City, which was much lower than the demand price of more than $ 300 million.
The federal government has also appointed Jones Lang La Lacs (JSS) to advise the sale of the Roosevelt Hotel in Pia.
The government is now planning to request new expressions to sell Pia by the end of April, according to Muhammad Ali, the prime minister’s advisor in privatization.
Ali stated that issues such as taxes and a public budget, which have previously disturbed the providers of the pre -qualified offers, have now been addressed, and the criteria for giving bids have been revised.
The government aims to complete privatization by the end of 2025, as the sale includes 51 to 100 % of the management and management monitoring. This step follows the announcement of the first annual profit of PIA two decades, and officials hope to attract more investors.
In total, there are 24 entities listed in the privatization list, to be sold in three stages. The first stage, which includes PIA, Roosevelt Hotel, and Zarai Tarqiati (ZTB) bank within a year. The second and third phases will extend three and five years, respectively, although additional entities can be added to the list after more deliberations by the Council of Ministers concerned with state -owned institutions (Soes), headed by the Minister of Finance.
During the meeting, concerns about the inclusion of the Pakistani Mineral Development Foundation were raised in the privatization list. UMEROQ Senator suggested that the company can be profitable and should not be privatized.
However, Bajoa explained that although the Petroleum Division has been recommended, the Council of Ministers in the state -owned companies still decline.
