{"id":3391,"date":"2025-04-11T03:00:14","date_gmt":"2025-04-11T03:00:14","guid":{"rendered":"https:\/\/ipp-news.com\/?p=3391"},"modified":"2025-04-11T03:00:14","modified_gmt":"2025-04-11T03:00:14","slug":"govt-to-seek-fresh-bids-for-pia-says-adviser","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=3391","title":{"rendered":"Govt to seek fresh bids for PIA, says adviser"},"content":{"rendered":"<div>The government will seek fresh expressions of interest for the sale of Pakistan International Airlines later this month, a government adviser said on Thursday, two days after PIA reported its first annual profit in over two decades.<\/p>\n<p>&#8220;In our last attempt to privatise PIA, pre-qualified bidders had some issues with taxation and the balance sheet. Those are taken care of now,&#8221; Muhammad Ali, government adviser on privatisation, told Reuters.<\/p>\n<p>&#8220;We plan to publish the new Expression of Interest (EoI) by the last week of April 2025,&#8221; he said.<\/p>\n<p>The government plans to complete the airline&#8217;s privatisation before the end of this year. &#8220;We are also revising the pre-qualification criteria,&#8221; he said, adding that the reference price could also be revised keeping in view the latest accounts and changes in the balance sheet.<\/p>\n<p>The adviser said that the process to privatise power distribution companies had also started, terming it a &#8220;high priority transaction&#8221;.<\/p>\n<p>He said some companies previously due to be sold in the second phase were being pushed into the first phase.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The government will seek fresh expressions of interest for the sale of Pakistan International Airlines later this month, a government adviser said on Thursday, two days after PIA reported its first annual profit in over two decades. &#8220;In our last attempt to privatise PIA, pre-qualified bidders had some issues with taxation and the balance sheet. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-3391","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/3391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3391"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/3391\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}