Pakistan endorsed the qualification standards for potential purchasers trying to procure larger part stakes in Pakistan International Airlines (PIA), setting a minimum net worth of Rs30 billion or $100 million for the purchaser.
The Privatization Commission's board, led by Privatization Minister Abdul Aleem Khan, endorsed the prequalification rules for intrigued bidders and laid out a prequalification panel.
This choice came around the same time the government welcomed offers for the sale of 51% to 100 percent stakes in PIA, with a cutoff time of May 3rd for the submission of Statements of Qualification by investors.
#PIA #PakistanInternationalAirlines #Privatization #Pakistan
