News Desk

The much-anticipated privatization of Pakistan International Airline (PIA) will likely take place in the first week of August 2024, ARY News reported on Tuesday. Six businesses have been nominated to acquire the national flag carrier, according to sources familiar with the situation.

The chosen firms have requested PIA-related information and have been granted till July to examine the national airline’s financial problems. In the meantime, the group of shortlisted enterprises is receiving the necessary data from the authorities.

It is important to note that a group of six businesses has received preliminary approval to acquire Pakistan International Airlines (PIA). The companies that are part of the pre-qualified consortia will now be able to bid on the PIA, according to the terms.