The bid to privatize PIA will “take place” in Islamabad today.

According to aviation sources, Pakistan International Airline’s purchase bid submission and opening are scheduled for the same day.

According to the sources, the privatization process will comply fully with all legal criteria by closely adhering to the regulatory framework and norms.

As the government moves forward with the privatization of PIA, fresh requirements from possible purchasers concerning the airline’s workforce have surfaced.

It was disclosed at a Senate Privatization Committee hearing, which was presided over by Senator Talal Chaudhry, that businesses hoping to purchase PIA are asking for substantial modifications.

The acquisition of 76% of PIA’s shares and the immediate termination of all employees are among the main objectives of the new demands, with the government being in charge of paying taxes.

For a minimum of two to three years, the Privatization Commission aimed to negotiate provisions that would shield workers from layoffs.

The bidders have allegedly declined to make this commitment, stating that they are unwilling to pay pension commitments or retain staff.

There is no clear plan to protect workers, which has led to criticism of the privatization process, which is now scheduled for October 31.