Conditions set down by increasingly assertive bidders have delayed the sale of a majority stake in PIA – Pakistan International Airlines (PK, Islamabad International), according to multiple Pakistani news outlets. After the latest pushback in the auction deadline from October 1 to 31, they report the Senate Standing Committee on Privatization was briefed on October 2 about why this occurred.
Officially, government personnel handling the privatisation say the six short-listed bidders requested additional time…
Source: ch aviation
Read more: Assertive bidders delay privatisation of Pakistan's PIA