The government will request expressions of interest next week for the sale of Pakistan International Airlines, the Ministry of Privatization announced on Thursday, a few days after having published its first annual benefit in more than two decades.
Pakistan has sought to sell a participation of 51 to 100% in the debt carrier, to collect funds and reform companies in cash and cash, as planned as part of an international monetary fund of 7 billion dollars.
Last year, his unsuccessful attempt to privatize the Pakistani international airlines received a single offer, well below the requested price of more than $ 300 million.
The board of directors of the privatization committee approved the search for new offers, the ministry said in a statement.
“The board of directors has approved the pre-qualification criteria for the selection of potential bidders,” he said. He added new expressions of interest to buy between 51 and 100% of the airline would be sought next week.
Pakistan has moved almost the entire debt inherited from the national carrier to government books after the problems raised by bidders led to the failure of the last attempt to privatize.
Muhammad Ali, government councilor on privatization, said last week that all the questions raised at the time of the failed attempt last year had been dealt with.
