ISLAMABAD: The Pakistani government will seek expressions of interest next week for the sale of Pakistan International Airlines, the privatization ministry said on Thursday, days after it reported its first annual profit in over two decades.
Pakistan has been seeking to sell a 51-100 percent stake in the debt-ridden carrier, to raise funds and reform cash-draining, state-owned enterprises as envisaged under a $7 billion International Monetary Fund program.
Its failed attempt to privatise Pakistan International Airlines last year received a single offer, well below the asking price of more than $300 million.
The privatization commission board has approved seeking new bids, the ministry said in a statement.
“The board approved the pre-qualification criteria for selection of prospective bidders,” it said. It added new expressions of interest in buying between 51 and 100 percent of the airline would be sought next week.
Pakistan has shifted almost all of the national carrier’s legacy debt to government books after issues raised by bidders led to the failure of the last privatization attempt.
Muhammad Ali, government adviser on privatization, said last week all the issues raised at the time of last year’s failed attempt had been dealt with.
Pakistan to seek bids to sell national airline next week
https://arab.news/jyfqu
Pakistan to seek bids to sell national airline next week
- Privatization board approves pre-qualification criteria for selection of prospective bidders
- New expressions of interest in buying between 51-100 percent of airline would be sought next week
Pakistan says 641 Afghan Taliban members killed, over 855 injured in ongoing conflict
- Both neighbors have been engaged in fierce fighting since Feb. 26 after Afghan forces launched retaliatory attacks against Pakistan
- Pakistan information minister says 243 Afghanistan checkposts destroyed, 65 “terrorists and terror support locations” targeted by air
ISLAMABAD: Pakistan has killed at least 641 Afghan Taliban operatives and injured more than 855 in the ongoing conflict between the two sides since last month, Information Minister Attaullah Tarar said on Wednesday.
Fresh clashes between the two neighbors began on Feb. 26 after Afghanistan’s border forces launched attacks against Pakistani military installations. Kabul said the attack was in retaliation for Islamabad’s airstrikes earlier in February. Both forces have since then engaged in the worst fighting between them in decades.
Islamabad has said its airstrikes, which have at times directly targeted the Afghan Taliban government, are aimed at ending Kabul’s support for militants carrying out attacks on Pakistan. The Taliban has denied aiding militant groups.
“Summary of Fitna Al Khawarij/Afghan Taliban losses: 641 killed, 855+ injured, 243 check posts destroyed,” Tarar wrote on social media platform X.
https://x.com/tararattaullah/status/2031687512868159638?s=46
The minister said Pakistani security forces have destroyed 219 tanks, armored vehicles and artillery guns in the operation so far, and also decimated 65 “terrorists and terror support locations” across Afghanistan by targeting them with airstrikes.
Relations between Pakistan and Afghanistan have remained strained since the Afghan Taliban seized power in August 2021. Pakistan has witnessed a surge in militant attacks across the country in recent months that it blames on militants it alleges are based in Afghanistan.
Kabul denies the allegations and insists that its soil is not used by militant groups for attacks against other countries.
While Afghanistan has voiced the desire for dialogue, Pakistan has repeatedly ruled out talks, saying it will continue targeting militant hideouts in Afghanistan through “Operation Ghazab lil Haq” till Kabul desists from supporting militants.
The ongoing conflict between both sides has put the region on heightened alert, as it already suffers from the ongoing US-Israel war against Iran.
