Federal Minister for Privatization, Board of Investment & Communications Abdul Aleem Khan chaired a high-level meeting of the Privatization Commission Board in which various issues including the privatization of PIA were discussed and recommendations were approved.
In this meeting, it was decided to refer the issue of privatization of PIA to the Cabinet Committee, while the Privatization Commission Board meeting was briefed on various issues of privatization and satisfaction was expressed over the development so far.
In the meeting of Privatization Commission Board it was decided to form 3-Member Committee to participate in the process of privatization by the Members of the Board. In this 227th meeting of Privatization Commission Board held under the Chairmanship of the Minister for Privatization/Chairman Privatization Commission, Abdul Aleem Khan, the Board considered the bid of Pak Rupees 10 Billion submitted by Blue World City Consortium for the divestment of 60 percent shares of PIACL on the 31st October, 2024 and recommended to reject the bid.
The board also deliberated on the way forward for the divestment of PIACL and considered various options for its early privatization. Federal Minister Abdul Aleem Khan said that the privatization issues will be completed in accordance with the laws and regulations and keeping in views the national interest before us because the final decision on the issues of privatization of PIA and other institutions has to be taken by the Cabinet Committee. —PR
