Extension of deadline for submission of indications of interest about PIA privatisation
The Privatisation Commission of Pakistan has prolonged the deadline for the submission of expressions of interest (EOIs) on the privatisation of Pakistan International Airlines (PIA) by two weeks.
The revised submission deadline is now June 19, superseding the previous cut-off date of June 3.
An official statement said that the extension was provided to facilitate potential investors, especially considering the Eid-ul-Adha holidays and the prevailing regional tensions between Pakistan and India, which may have resulted in logistical delays.
The commission specified that although the Expression of Interest (EOI) and Statement of Qualification (SOQ) may now be submitted by June 19, no alterations have been made to the other terms and conditions of the privatisation process.
The government is offering 50% to 100% of PIA’s shares to eligible investors as part of the privatisation initiative. The government anticipates that privatisation will facilitate the revitalisation and modernisation of the national carrier, which has had financial challenges and operational setbacks in recent years.
