Shahid Khaqan recommends that the government accept an offer of Rs. 10 billion for the privatization of PIA.

It would make more sense, according to Shahid Khaqan, to accept an offer of Rs 10 billion. He said, “The market does not accept Rs85 billion bid for PIA,” in reference to the government’s exorbitant valuation for the privatization of PIA. In my opinion, given PIA’s current structure, even Rs 10 billion is a hefty sum.

Shahid Khaqan said, “This government lacks both mandate and performance,” in his criticism of the current administration. Adopting random laws to govern the nation is blatantly ineffective.

Speaking about the current opposition’s function, he declared it to be “ineffective.”

“Rather than concentrating on the issues facing the nation, PTI appears to be more interested in getting its founder out of jail. The focus of every speech and declaration is to start campaigns to get his (Imran Khan) release,” Khaqan said disappointedly.

PTI is depending on outside pressure, especially from people like Donald Trump, in the hopes that it will result in Imran Khan’s release, Shahid Khaqan continued.

It is unrealistic to think that outside pressure will force Pakistan to free the PTI founder.

Real strength comes from having a clear mandate and strong governance, Shahid Khaqan added, adding that the government feels its stability is the result of PTI’s shortcomings.

In the final bidding procedure for the privatization of PIA earlier in October, just one bid of Rs10 billion ($36 million) for a 60% (pc) interest in the national flag airline was received.

Only the real estate development business Blue World City entered the bidding process, submitting an offer that was less than the Rs85 billion minimum price established by the government, despite the fact that the government had pre-qualified six groups in June.

Under a $7 billion International Monetary Fund program, Pakistan hopes to raise money and reform state-owned businesses by selling a 51–100% interest in the indebted PIA.

According to the Privatization Commission, the bidder was instructed to match the minimum bid.