The first phase of the privatisation process of the national airline has been completed, marking a significant step toward one of the country’s most anticipated divestments.
According to officials, three pre-qualified bidders have submitted their bids for the acquisition of the national carrier. The bids are scheduled to be opened at 3:30 pm. Following the opening of bids, the Privatisation Commission (PC) Board will convene to determine the reference price.
Once finalized by the Privatisation Commission Board, the reference price will be presented to the Cabinet Committee on Privatisation for approval.
Speaking to journalists after the completion of the first phase of bidding, Adviser to the Prime Minister on Privatisation Muhammad Ali said that the process has successfully moved into its next critical stage. “The first phase of bidding for the sale of the national airline has been completed. We will now approach the Privatisation Commission Board, which will review and approve the reserve price,” he said.
He emphasized that the reserve price remains confidential and is not known to any party. “After approval by the PC Board, the reserve price will be submitted to the Cabinet Committee on Privatisation for final endorsement,” he added.
Muhammad Ali described the development as a major milestone, noting that no large-scale privatisation has taken place in the country over the past two decades. “This is a very important step forward,” he said, underscoring the significance of the process for economic reform and investor confidence.
