There has been significant progress in the privatization of Pakistan International Airlines (PIA), the overseas Pakistani group has offered more than Rs 250 billion Revealed.
According to Dawn News, Al Nahang Group sent an email offer to the Minister of Privatization, Minister of Aviation and Minister of Defense for the purchase of PIA.
Al Nahang Group has also offered the government not to retrench PIA employees, to increase salaries by 30 to 100 percent in a phased manner.
The Pakistani business group also assured the best business plan for the national airline, inclusion of modern aircraft in the fleet, the offer also includes the option of making the national airline an engineering and maintenance hub for other airlines.
It should be noted that privatization of loss-making government institutions, including PIA, is a long-standing demand of the International Monetary Fund (IMF) and if PIA is not privatized in time, there will be difficulties in providing the next installment of the current loan program to the government. may face.
The government had suffered a setback last month with regard to the privatization of PIA on October 31. ) received a bid of only Rs 10 billion after which the privatization process was stopped.
Minister of Privatization Abdul Aleem Khan had announced that PIA will not be sold at any price, he said that their task is not to fix PIA but to sell it.
Later, Blue World City had expressed its conditional willingness to give the government 30 to 85 billion rupees for the purchase of PIA.
While speaking on Dawn News program Khabar Se Khabar with Nadia Mirza, the head of Blue World City, Saad Nazir, said that the government says to give 85 billion rupees, so we are ready to give up to 85 billion rupees, but if you sit down and talk with us. do
Chairman Blue World City said that we will also write an official letter to the government that we are ready to pay the price ranging from 30 to 85 billion rupees.
He said that there is no one in Pakistan who has 85 billion rupees in liquid form, many investors are in contact with us, we can use their capital to pay 85 billion rupees, but the conditions are a little tight Soften up.