{"id":20472,"date":"2024-11-18T15:41:54","date_gmt":"2024-11-18T10:41:54","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=20472"},"modified":"2024-11-18T15:41:59","modified_gmt":"2024-11-18T10:41:59","slug":"pia-privatisation-back-on-track-as-govt-plans-new-bids","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2024\/11\/18\/pia-privatisation-back-on-track-as-govt-plans-new-bids\/","title":{"rendered":"PIA privatisation back on track as govt plans new bids"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>The federal government has announced plans to invite fresh bids for the privatisation of Pakistan International Airlines (PIA) following concerns over the significantly lower offers received in the initial bidding process.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The decision was revealed during a meeting of the Senate Standing Committee on Privatisation, chaired by Senator Talal Chaudhry, where the reasons behind the lack of investor interest and below-benchmark bids were extensively discussed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Federal Minister for Privatisation Abdul Aleem Khan stated that PIA\u2019s re-privatization process is underway, with Prime Minister Shahbaz Sharif placing significant focus on the matter.<br><br>\u201cPIA has the potential to become a profitable institution. However, the government must take bold decisions to facilitate its privatization,\u201d Khan remarked.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The federal government has announced plans to invite fresh bids for the privatisation of Pakistan<\/p>\n","protected":false},"author":1,"featured_media":20473,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[2,19],"tags":[],"class_list":["post-20472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-pakistan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PIA privatisation back on track as govt plans new bids - Rapid News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailyrapidnews.com\/eng\/2024\/11\/18\/pia-privatisation-back-on-track-as-govt-plans-new-bids\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PIA privatisation back on track as govt plans new bids - 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Pakistan expands access to int'l capital markets In his interview with Bloomberg TV, Aurangzeb said Pakistan's debt strategy was designed to broaden access to global capital markets while easing pressure from external debt repayments. Pakistan returned to international capital markets after a four-year hiatus, issuing $3 billion in Eurobonds approximately three weeks before the interview. 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