The government’s effort to privatise Pakistan International Airlines (PIA) failed as the only bidder, Blue World City, offered PKR 10 billion for a 60% stake, significantly lower than the PKR 85.03 billion minimum. The lack of competition and high government demands discouraged other bidders.
Related Posts
Farmers damage buildings & houses fearing assets may be taken over by Wakf board
Tension in Kadakol village, Haveri, surged as villagers attacked properties of a specific community, fearing their land would be taken by the wakf board. Five […]
IND vs ENG: India fast bowler released from squad ahead of 2nd Test in Birmingham
India’s Harshit Rana has been released from the Test squad before the second match against England. This decision follows after India’s loss at Headingley, despite […]
ASI dies, six hurt after car collides with Rajasthan CM’s convoy
An escort vehicle in Rajasthan chief minister Bhajanlal Sharma’s convoy collided with a taxi in Jaipur, killing an assistant sub-inspector and injuring six others. The […]