Overview
- Prime Minister Shehbaz Sharif said the entire bidding will be broadcast nationwide to ensure transparency.
- Four pre-qualified bidders will compete: Lucky Cement Consortium, Arif Habib Consortium, Fauji Fertiliser Company Limited, and Airblue Limited.
- The offer includes a 51% to 100% stake with management control, tax relief on leased aircraft, and limited protection from legacy legal and tax claims.
- A previous attempt failed when a lone Rs10 billion offer was rejected against a Rs85 billion floor, leading to the redesigned process.
- The government is targeting Rs86 billion in privatisation receipts this year under a $7 billion IMF programme, with PIA expected to contribute significantly.