Privatisation Commission to Issue New EOI for PIACL Divestment

ISLAMABAD: The Privatisation Commission Board convened on Thursday and resolved to release a revised Expression of Interest (EOI) for the disinvestment of Pakistan International Airlines Corporation Limited (PIACL) in the coming week.

The 233rd meeting of the PC Board took place at the Privatisation Commission. Muhammad Ali, the Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission, presided over the session.

The board gave its nod to the prequalification standards for choosing potential bidders interested in acquiring 51 to 100 percent of PIACL’s shares.

The publication of the updated EOI concerning PIACL’s divestment is scheduled for the next week.

The board’s deliberations are set to continue today (Friday) to address the remaining items on the agenda.