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Articles for tag: bidding, PIA, place, Shares, takes, Tuesday

December 22, 2025

News Desk

Bidding for 75% of PIA shares takes place on Tuesday

This photo released on Feb. 9, 2023, shows a Pakistan International Airlines (PIA) aircraft parked in a shade at the Nur Khan Engineering Complex in Islamabad. — X@PIA Sealed bids will be submitted in the morning. Bids will be opened in the afternoon. Procedure for live broadcast nationwide. The government will conduct an open tender for the privatization of 75% of the shares of Pakistan International Airlines Corporation Limited (PIACL) on Tuesday, December 23. According to the Privatization Commission, the sealed bids will be submitted by the bidders at 10:30 am. The bids will be unsealed during a ceremony scheduled

December 5, 2025

News Desk

PSX rebounds on live PIA bidding report

KARACHI: After a session marked by institutional profit-taking a day earlier, the Pakistan Stock Exchange (PSX) posted a measured recovery on Thursday as renewed buying helped the KSE-100 index regain some lost ground. The market briefly rose around 700 points during intraday trading before settling modestly higher around 140 points, reflecting subdued optimism and selective re-entry by investors. Sentiment was boosted when Prime Minister Shehbaz Sharif announced that the bid for Pakistan International Airlines (PIA) would go live on December 23, 2025, a development that fueled interest in PIA Holding Company, which was actively traded throughout the session. At the

December 3, 2025

News Desk

Bidding for PIA to be held on December 23, says PM Shehbaz

A Pakistan International Airlines (PIA) plane at Allama Iqbal International Airport in Lahore, Pakistan, January 29, 2024.— Reuters The prime minister is committed to complete transparency in the privatization process. The privatization process is going smoothly: premiere. The revival of airlines is linked to the improvement of the tourism sector: PM. Prime Minister Shehbaz Sharif on Wednesday announced that the bidding process of Pakistan International Airlines (PIA), the first state-owned entity lined up for disinvestment under the policy framework, will be held on December 23. State media reported that the prime minister made the announcement during a meeting with all

April 18, 2025

News Desk

Govt to launch a new bidding process to sell PIA 51-100% share next week

A Pakistani International Airlines Airlines (PIA) prepares to take off at Alama IQBal International Airport in Lahore, February 1, 2012 – Reuters Last year, Govt got an offer under $ 300 million. The sale aims to raise funds and support IMF reforms. The new bids were approved after resolving last year’s problems. Islamabad: The government will seek expressions of interest next week for the sale of Pakistani International Airlines (PIA), the Ministry of Privatization said on Thursday, days after the announcement of its first annual profit in more than two decades. Authorities seek to sell a 51-100% share of the

February 20, 2025

News Desk

Govt is moving to release fuel prices, opens offshore blocks for bidding

A fuel distributor nozzle is depicted in a gas station. – Reuters/file ISLAMABAD: The government is going to release oil prices, allowing oil marketing companies (OMCS) to sell competitive fuels while maintaining a prices ceiling to ensure market stability. In an attempt to reduce fuel costs and boost market efficiency, the government also plans to allow oil refineries to combine up to 5% ethanol into oil products to attract energy -efficiency, The news reported. Speaking at the annual oil and gas conference in Islamabad, Musadik Malik Minister Musadik Minister underlined Pakistan’s weaknesses in offshore oil and gas exploration, noting that

January 4, 2025

News Desk

POL objects to deal to sell natural gas from Razgir field without competitive bidding

A flare burns off excess natural gas in a research field. — Reuters/File Pakistan Oilfields Limited (POL) has objected to a proposed gas sale agreement without a competitive bidding process between a Hungarian gas company and a private company from the Razgir field in Kohat that is 65% owned by state-owned entities (SOEs ). . These objections were raised in a letter sent to the Petroleum Department and other companies in the consortium by private partner POL, which is a 25% shareholder in the Kohat gas field. In its letter, Rawalpindi-based POL said the Hungarian company, which has a 10%

November 1, 2024

News Desk

The Government will conduct the final bidding for the privatization of PIA with the selected bidder

A representational image of the PIA plane. — AFP/File Government wants to offload 51-100% stake in debt-ridden airline. Only Blue World City meets the deadline for submission of documents. There are concerns about the government’s ability to honor long-term agreements. KARACHI: The current government will on Thursday conduct the bidding process for the privatization of Pakistan International Airlines (PIA) with a single candidate. The development comes as Prime Minister Shehbaz Sharif’s government seeks to offload a 51-100 percent stake in debt-ridden airlines to raise capital and reform bleeding state-owned enterprises as envisioned in a $7 billion International Monetary Fund (IMF)

August 29, 2024

News Desk

The Council of Ministers postpones the decision on the bidding process

Islamabad: The cabinet has raised questions on the proposed revised bidding process for the award of the contract for the outsourcing of the Islamabad International Airport under public-private partnership and has constituted a committee to look into the matter. The committee has been tasked with reviewing all aspects of the proposal submitted by the Aviation Department for the revised bidding structure for awarding the concession for the operation of the Islamabad International Airport, especially with regard to the legal position under the Public Private Partnership Authority (P3A) and rules of the Public Procurement Regulatory Authority (REPRA). After the evaluation, he

May 27, 2024

News Desk

Nadal is bidding to avoid an early exit from the French Open

PARIS: Rafael Nadal admits he will face “one of the toughest possible opponents” when he plays Alexander Zverev in the first round of the French Open on Monday. This year’s event was expected to be the 14-time Roland Garros champion’s farewell, but he has since insisted he could not “100 per cent” confirm it would be his last appearance. Nadal has played just four tournaments since January 2023 after suffering a hip injury and then a muscle tear. That left him exposed for the draw and vulnerable to a difficult opening round in a tournament where he has lost just

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