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Overseas Pakistani group offers Rs 1.25tr for PIA

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An overseas Pakistani group, Al-Nahang, has made an offer of over Rs 1.25 trillion for the privatization of Pakistan International Airlines. The group has sent an email to the Minister of Privatization, Minister of Aviation, Minister of Defense, and other authorities, outlining their proposal.

The group has promised not to lay off any employees, instead offering a 100% increase in salaries over 30 months. The group has pledged to implement a robust business plan, including the introduction of modern aircraft to PIA’s fleet. It has also proposed establishing PIA as an engineering and maintenance hub for other airlines.

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