Cement, Fertilizer Firms and Air Blue Among Pre-Qualified Bidders for PIA Privatization

The Privatization Commission Board Tuesday approved the prequalification of four interested parties for the divestment of Pakistan International Airlines Corporation Limited (PIACL).

The decision was taken in its 237th meeting held under the chairmanship of Adviser to the Prime Minister on Privatization Muhammad Ali.

The Board reviewed the recommendations of the Prequalification Committee based on the evaluation of Statements of Qualification (SOQs) submitted by five prospective investors, in line with technical, financial, and documentary requirements defined in the Request for Statement of Qualification (RSOQ).

The four interested parties

Following thorough scrutiny, the following four interested parties have been prequalified:

1. Consortium comprising Lucky Cement Limited, Hub Power Holdings Limited, Kohat Cement Company Limited, and Metro Ventures (Private) Limited
2. Consortium comprising Arif Habib Corporation Limited, Fatima Fertilizer Company Limited, City Schools (Private) Limited, and Lake City Holdings (Private) Limited
3. Fauji Fertilizer Company Limited
4. Air Blue (Private) Limited

The prequalified parties will now proceed to the buy-side due diligence phase – a critical next step in the transparent and competitive privatization process of PIACL.