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PIA Privatisation Delayed Once Again

PIA Privatisation Delayed Once Again

Mishal Zarrar -
PIA Launches Direct Lahore-Baku_Flights From April 20

PIA Launches Direct Lahore-Baku Flights from April 20

Yousuf Yaseen -
PIA Passenger Arrested in Paris for Attacking Flight Crew

PIA Passenger Arrested in Paris for Attacking Flight Crew

Yousuf Yaseen -
PIA Flight Ban in the UK to Remain in Place

PIA Flight Ban in the UK to Remain in Place

Zainab Khalid -
UK Air Safety Committee to Review PIA Ban on March 20

UK Air Safety Committee to Review PIA Ban on March 20

Yousuf Yaseen -
Missing PIA Plane Wheel Found at Karachi Airport

Missing PIA Plane Wheel Found at Karachi Airport

Yousuf Yaseen -
The government has assured the International Monetary Fund (IMF) that Pakistan International Airlines (PIA) will be sold by July. However, the fate of Roosevelt Hotel in New York remains undecided. The US government has prematurely terminated the $228 million lease agreement, which was supposed to last three years. This decision will result in a business loss of approximately $80 million. The IMF was informed that the Cabinet Committee on Privatisation (CCOP) will decide whether to sell the hotel or lease it under a joint agreement. Pakistan had leased the 1,025-room hotel to New York City’s Immigrant Housing Business in July 2023. The city government had been paying $210 per room for the third year, but now plans to end the agreement a year early. The CCOP previously expressed concerns that US immigration policies might affect the deal. Despite hiring financial advisors, including Jones Lang LaSalle Americas at a cost of Rs2.1 billion, the government has not finalized a privatisation plan. Read more: PIA Crash Survivor Shares Story of Resilience and Hope Regarding PIA, the Privatisation Ministry informed the IMF that the airline will be sold by July 2025. A previous privatisation attempt failed after a sole bidder offered only Rs10 billion against the Rs85 billion asking price. The government is currently assessing market interest before issuing an Expression of Interest (EOI) by the end of this month. Three bidders may participate, including two who previously withdrew due to tax and liability concerns. The IMF has agreed to relax those conditions, which may increase investor interest. The government also aims to privatise three power distribution companies—Faisalabad, Islamabad, and Gujranwala—by December. However, it has not yet decided whether to sell them together or separately. The UAE has expressed interest in acquiring First Women Bank Limited under a government-to-government agreement, with the deal expected by May. The government also plans to privatise Zarai Taraqiati Bank Limited (ZTBL) by November and sell the House Building Finance Company next month.

Pakistan Assures IMF of PIA Sale by July

Yousuf Yaseen -

PIA Crash Survivor Shares Story of Resilience and Hope

Usman Kashmirwala -
Cricket Teams to Fly via PIA During ICC Champions Trophy 2025

Cricket Teams to Fly via PIA During ICC Champions Trophy 2025

Yousuf Yaseen -
Govt to Issue EoI for PIA Privatisation This Month

Govt to Issue EoI for PIA Privatisation this Month

Yousuf Yaseen -
PIA To Recruit Aircraft Technicians On Daily Wages

PIA To Recruit Aircraft Technicians On Daily Wages

Yousuf Yaseen -
78 Cell Phones, Including 54 iPhones Seized from PIA Crew 

78 Cell Phones, Including 54 iPhones Seized from PIA Crew 

Mishal Zarrar -
Nestle, Unilever, PIA among 'World's Happiest Workplaces' 2025

Nestle, Unilever, PIA among ‘World’s Happiest Workplaces’ 2025

Warsha Kashif -
PIA's Tone Deaf Advertisement Shows Jet Flying into Eiffel Tower

“Paris, We’re Coming Today” PIA’s Tone Deaf Advertisement Shows Jet Flying...

Mishal Zarrar -
First PIA Flight to Paris Takes Off After Four-Year Ban

First PIA Flight to Paris Takes Off After Four-Year Ban

Yousuf Yaseen -
PIA-Gwadar Flight Returns to Karachi Due to 'Engine Fault'

PIA-Gwadar Flight Returns to Karachi Due to ‘Engine Fault’

Yousuf Yaseen -
PIA CEO Aboard Flight Diverted Due to Technical Fault

PIA CEO Aboard Flight Diverted Due to Technical Fault

Yousuf Yaseen -
PIA Expands Operations with Two Reactivated Aircraft

PIA Expands Operations with Two Reactivated Aircrafts

Yousuf Yaseen -
IMF Approves Tax Exemptions for PIA Privatisation

IMF Approves Tax Exemptions for PIA Privatisation

Yousuf Yaseen -
Khurram Mushtaq appoints as new CEO

PIA Appoints Khurram Mushtaq as Acting CEO

Yousuf Yaseen -
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