How many entities submit Statements of Qualification for PIA privatisation, says ministry

Ministry of Privatization has received declaration of conformity from eight entities for privatization of Pakistan International Airlines (PIA). These companies include Fly Jinnah, Air Blue Limited, Habib Corporation, Sardar Ashraf D. Baloch, Shanxi CIG Limited (China), Gerry's International Private Limited, a subsidiary of Younas Brothers Holdings (Private), Pak Ethanol-led case and E taking. -A consortium led by Blue Sejijie City. The Ministry of Privatization has extended the deadline for submission of privatization services to PIA and received expressions of interest (EOI) from these eight major business groups. The Privatization Commission (PC) will conduct the necessary pre-qualification process in accordance with the rules and regulations of the PC Rules, 2000. The subject is Rs² per annum. The airline lost R8,600 billion last year and is predicted to be as high as Rs15,300 billion this year, necessitating privatization or closure of the airline. The government is considering selling at least 51% of PIA's shares and management, preferably to local investors. A Pakistani airline has expressed interest in acquiring PIA and is in talks with the private sector. The meeting is on Friday at 16:00. Federal Minister for Privatization Abdul Aleem Khan said that the extension period for submission of privatization proposals to PIA has ended and the Privatization Commission (PC) has received large printed expressions of interest (EOI) from eight parties so far. He said that expressions of interest in the form of individuals and organizations have been sent by these business groups and now the Privatization Commission will carry out the necessary preliminary procedures as the rules and regulations of the PC Regulation, 2000. Received information of interest (EOIs) from eight major business groups. These companies include Fly Jinnah, Air Blue Limited, Habib Corporation, Sardar Ashraf D. Baloch, Shanxi CIG Limited (China), Gerry's International Private Limited, a subsidiary of Younas Brothers Holdings (Private), Pak Ethanol-led case and E taking. -A consortium led by Blue Sejijie City. The Privatization Commission (PC) will conduct the necessary pre-qualification process as per the rules and regulations of the PC Rules, 2000. It should be around Rs² per annum. The airline lost R8,600 billion last year and is predicted to be as high as Rs15,300 billion this year, necessitating privatization or closure of the airline. The government is considering selling at least 51% of PIA's shares and management, preferably to local investors. A Pakistani airline has expressed interest in acquiring PIA and is in talks with the private sector. The meeting is on Friday at 16:00. Federal Minister for Privatization Abdul Aleem Khan said that the extension period for submission of privatization proposals to PIA has ended and the Privatization Commission (PC) has received large printed expressions of interest (EOI) from eight parties so far. He said that expressions of interest in the form of individuals and organizations have been sent by these business groups and now the Privatization Commission will carry out the necessary preliminary procedures as rules and regulations of the PC Regulation 2000, which includes various stages, including the following. Expression of Interest (EOI) submission, pre-qualification process, Request for Proposal (RFP) phase and final tender process. The Ministry of Privatization extended the deadline for submission of PIA privatization proposal and received interest from eight major business groups. The Privatization Commission (PC) will conduct necessary preliminary procedures under the rules and regulations of the PC Rules, 2000.