The provincial government has expressed interest in purchasing PIA

Khyber Pakhtunkhwa government has expressed interest in purchasing PIA.

The Khyber Pakhtunkhwa Board of Investment and Trade has written a letter to Federal Minister for Privatization Aleem Khan, stating that the Khyber Pakhtunkhwa government wants to participate in the PIA auction process.

Alleged corruption in Malam Jabba project, Atif Khan summoned in anti-corruption

PIA is a national airline, we don’t want it to go into foreign or private hands, we are ready to start the auction of the private company above 10 billion rupees, the federal government should accept our request.

What happened in the auction process on October 31?

yesterdayPIA A bid was made for the privatization of،The consortium has apologized for increasing the bid amount for PIA, the consortium says that according to us this is the best price for the bid, if the government does not privatize PIA at this price, then it should be run by itself.

0.10% increase in inflation rate

The consortium had placed a bid of Rs 10 billion for the privatization of PIA, a single bid was submitted by Blue World Consortium.

Apart from the Blue World City Consortium, no other group has submitted the papers, approval of PIA’s reserve price from the federal cabinet will be sought through circulation.

It should be noted that the government had set a minimum price of 85 billion 30 lakh rupees for the privatization of PIA.

What does former finance minister Miftah Ismail say?

Speaking in Hum News’ program “Decision Aap Ka”, former Finance Minister Miftah Ismail said that one out of 6 bids for PIA is also 12% of the reserve price. PTI protested when it wanted to privatize.

An increase of 11 crore dollars in foreign exchange reserves of State Bank

Asad Umar and Ishaq Dar had agreed that PIA will not be privatized, the major stake will remain with the government, it should be asked who is responsible for PIA losing 100 billion rupees every year.

In five years, PIA has lost 400 billion rupees, if PIA is not sold today, next year there will be a loss of 100 billion rupees.