How much was paid to an international firm for PIA auction support?

It has been revealed that 2 billion rupees were spent from the public treasury in the mission of privatization of PIA.

We, the investigation team, have obtained the details of the payment made to the international firm for PIA’s auction support.

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According to the document, these costs were incurred by the caretaker and current government in the form of consultancy for the PIA auction, 13.5 million dollars were spent to bring in successful bidders and complete the bidding process.

94 million dollars were paid to the consultancy firm for the restructuring report, 940 thousand dollars were paid for the memorandum and road show.

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6 million dollars was spent on the scheme arrangement with SECP, 6 million dollars was also paid to the firm for the project charter.

The PIA auction could not be held within the stipulated time, the sole bidder offered only ten billion rupees.