Bidding begins for PIA privatisation as three groups submit offers
Three major business groups compete for 75% stake in national airline
Pia Bidding
IMF releases $1.2bn tranche to Pakistan
Release keeps Pakistan’s IMF programme fully on track
Govt reopens bidding for PIA; offers up to 100pc stake
Decision to move forward with privatization follows a series of setbacks that have plagued the process
Fresh bids to sell 51-100% shares of PIA invited next week
Experience in aviation sector made mandatory to ensure capable operators handle airline
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