Bidders

‘Lack of decision-making’ behind failure to attract PIA bidders: Fouad Hassan – Trendy Blogger

by
‘Lack of decision-making’ behind failure to attract PIA bidders: Fouad Hassan – Trendy Blogger

Former Interim Privatization Minister Fawad Hassan Fawad on Sunday expressed his surprise at the Cabinet’s approval to start the privatization process of Pakistan International Airlines with a sole bidder. “What is the need for bidding if there is only one bidder, and he has no background in aviation? This process has damaged the entire privatization … Read more

Bidders are seeking full ownership of PIA amid looming privatization – Trendy Blogger

by
Bidders are seeking full ownership of PIA amid looming privatization – Trendy Blogger

This photo shows a Pakistan International Airlines (PIA) plane. – AFP/File Bidders say the risks outweigh the rewards without 100% ownership. An investment of $500 million cannot be justified without full management. The national carrier is burdened with liabilities worth Rs 200 billion. ISLAMABAD: Days after Finance Minister Muhammad Aurangzeb reassured about the privatization of … Read more