Pakistan gets measly $36m offer for debt-ridden flag carrier ...Middle East

The Times of India - News
Pakistan gets measly $36m offer for debt-ridden flag carrier
The government's effort to privatise Pakistan International Airlines (PIA) failed as the only bidder, Blue World City, offered PKR 10 billion for a 60% stake, significantly lower than the PKR 85.03 billion minimum. The lack of competition and high government demands discouraged other bidders.

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