An overseas Pakistani conglomerate Al-Nihang’s has offered Rs. 100 billion to buy Pakistan International Airlines (PIA).
In a letter addressed to the federal government, the group explained its plan to assume full ownership of the airline and take care of its financial burdens. It proposed to clear PIA’s existing debt of Rs. 250 billion and committed to retain the entire workforce with a 100 percent salary increment over the next 30 months.
Al-Nihang’s further aims to upgrade PIA’s fleet with modern aircraft and establish it as an engineering and maintenance hub serving other airlines.
Last week, the government of Khyber Pakhtunkhwa expressed interest in buying PIA. Meanwhile, former Prime Minister Nawaz Sharif recently said that Punjab Chief Minister Maryam Nawaz had suggested buying the flag carrier and rebranding it as Air Punjab.
The government has also received an offer to acquire a partial 60 percent stake in PIA by real estate developer Blue World City which offered Rs. 10 billion. The federal government has set a minimum price of Rs. 85 billion to offload the debt-ridden enterprise.
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Mazaq bana dya hai pakistan ka pori dunya mein. Laanat besumaar innnnnnnn sb pe
Gawadar Air Port be made as International Cargo Hub and invite all big and small Air Flight Operators to establish their Cargo Transit Hub at Gawadar International Air Port. This will make Gawadar Air Port busy and also earn foreign exchange for Pakistan as Transit fee. International Cargo operators will establish their own warehouses etc.
Air Punjab?
I though the name would never be changed since it is Pakistan Airline no matter who buys majority shares.
Al-Nahang Group……Fake news spread in media to entice others bidders to increase their offers which then will be accepted, classic tactic in negotiation
This is why google shows no record of this group when searched because it does not exist
https://www.faqir.ca/about
Read this it is the CEO of al nahang group and full history.
Assalam-O-Alakium
Make new Air Punhab but don’t change PIA as it is a pride of Pakistan in 70’s to 90″s and will be in future.
It’s better to keep name Sharif’s air
Well Mariam’s papa is chor and they are in charge they have no love for or being Pakistani. Its purely business to re name or re brand the PIA and make more money for themselves one way or the other.
Has any reporter or journalist tried to find out any clue about this Al-Nihang ppl. Who are they, where are they based, which businesses they are into already?
https://www.faqir.ca/about
This is the detail of CEO of al nahang group you can find out more here
PIA eat 300 Billions PKR annually from tax payers money. This needs to be end and same money should spent on health and education.