The long-anticipated privatization of Pakistan International Airlines (PIA) is scheduled to finalize today (Thursday) with the last bidding round.

Sources indicate that both the submission and opening of bids will occur at the same time in a private hotel.

The entire privatization process will strictly follow regulatory guidelines and legal requirements.

As the government advances with the privatization, new conditions from prospective buyers have emerged, particularly regarding the airline’s employees.

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Progress in PIA privatisation as six firms pre-qualified

According to sources from the Privatisation Commission, only the Blue World City consortium has submitted the necessary advance payment among the six potential bidders.