The Privatization Commission Board has given the green light to four interested parties for the next stage in the divestment of Pakistan International Airlines Corporation Limited (PIACL), marking a significant step in the national carrier’s long-awaited privatization process.
The decision came during the Board’s 237th meeting, chaired by Adviser to the Prime Minister on Privatization, Muhammad Ali. The Board reviewed the Prequalification Committee’s recommendations, which were based on a detailed evaluation of Statements of Qualification (SOQs) submitted by five prospective investors. The assessment was carried out in accordance with the technical, financial, and documentary criteria set out in the Request for Statement of Qualification (RSOQ).
After a rigorous scrutiny process, the following four parties have been prequalified:
- A consortium comprising Lucky Cement Limited, Hub Power Holdings Limited, Kohat Cement Company Limited, and Metro Ventures (Private) Limited
- A consortium comprising Arif Habib Corporation Limited, Fatima Fertilizer Company Limited, City Schools (Private) Limited, and Lake City Holdings (Private) Limited
- Fauji Fertilizer Company Limited
- Air Blue (Private) Limited
These prequalified bidders will now advance to the buy-side due diligence phase, a crucial step designed to ensure transparency and competition in the privatization of PIACL.
