Only one of the six companies (Blue World City), prequalified for the privatization of Pakistan International Airlines (PIA), has formalized interest ahead of the bidding date of October 31 by submitting earnest money by Tuesday’s deadline. Â
According to a report in Bloomberg, the other five consortiums have stayed away from the final bidding process of PIA. Quoting the Privatization Ministry’s spokesperson, the publication said that only one bidder deposited earnest money with the Privatization Commission. Â
However, the spokesperson did not disclose the name of the group that had submitted the earnest money. Â
It is pertinent to mention here that the Privatization Commission, after detailed deliberations and keeping in view the criteria including technical, financial, and documentary requirements stipulated in the request for statement of qualification (RSoQ), decided to pre-qualify six interested parties. Â
The parties were (1) Fly Jinnah Limited, (2) Air Blue Limited, (3) Arif Habib Corporation Limited, (4) Consortium Led by Y.B. Holdings (Private) Limited (Consortium members comprises Pioneer Cement Limited, Artistic Milliners Limited, ANS Capital Private Limited, Metro Ventures Private Limited), (5) Consortium Led by Pak Ethanol (Consortium members comprises AirSial Limited, Serene Airlines Private Limited, Liberty Daharki Power Limited), and (6) Consortium Led by Blue World City (Consortium members comprises Blue World Aviation, IRIS Communication Limited). Â
It remains to be seen now whether the bidding process, slated for Thursday, will go ahead with just one interested party or will it be delayed again.
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They don’t trust each other.
Its was known before hand the government’s dream is larger than life, no one will want to buy junk and then retain government’s sifarishi taskforce.
enough of your nonsense they are not govt employees in fact they are PIA employees. Issue is recent PIA aircraft not able to complete their operations. PIA should be sold even for free enough of their circus.
you are blabbering due to dope. PIA is government entity and the employees were hired by sifarish from top to bottom as customary in every government institution.
It will be bought by our corrupt parlimentarians by asking others to stay away or get killed.
It will be bought by the corrupt elite class lower than the peanut prices.
The game has already been designed. Same will go with Pakistan Steel mills, and then Railways, then on and on ….
not Parliamentarians. But the actual people behind them.
baday chalak ho gay …..choti choti baten pakad letay ho naughty boy :).