By Admin 
national of pakistan airline ,PIA) Sold due to long running of losses. arif Habib The group made the highest bid of Rs 135 billion. Pakistani by investing Rs. PIA Have purchased. lucky cement Rs 101.5 billion more airblue Made a bid of Rs 26.5 billion. PIA owned 75 percent of the shares auction Had started.
How much will the airline’s revamp cost?
national of pakistan airline of auction 92.5 percent of the total money received from airline Will be spent on improvement. Pakistani Newspaper don According to the report of PIA currently has 32 aircraft, in which airbus A-320, boeing 737, airbus, A330 And boeing like 777 model Are included. flights lack of, bad management And because of things like huge debt PIA His condition worsened.
Pakistani ministers are fooling the public
On one hand Pakistan’s day by day circumstances Bat While it is getting worse, the minister is leaving no opportunity to fool the public. Pakistan Finance Minister Muhammad Aurangzeb Prime Minister’s Assistant and his team auction Said thanks for the process. He said, ‘It took a lot of time and hard work to reach where we are today. PIA All the people bidding are from Pakistan.
‘Auction will increase foreign investors’
Aurangzeb expressed hope that this auction This will increase the number of local investors, which will also increase the number of foreign investors coming to the country. PM Shahbaz Sharif’s advisor expressed hope that PIA Of Privatization This will open new avenues of investment in the country. PIA of Privatization of the committee advisor Muhammad Ali told that the objective of the government PIA Not just to sell it, but to make it self-reliant and strong.
PIA of this Privatization IMF K7 billion of dollars bailout This is an important part of the program, under which Pakistan has to accept the condition of selling or reforming loss-making government companies. IMF wanted that PIA should be completely privatized, so that the government or the army does not have control over it.