ISLAMABAD: In its efforts to sell its struggling national airline, Pakistan has received expressions of interest from five parties, including business groups and a military-backed firm, the Privatization Ministry said on Thursday.
The bids were submitted ahead of a June 19 deadline to acquire up to 100 percent of Pakistan International Airlines, which has accumulated over $2.5 billion in losses in roughly a decade.
Still, following a major restructuring, it posted its first operating profit in 21 years in the year through June 2024.
The sale is seen as a test of Pakistan’s ability to shed loss-making state firms and meet conditions of a $7 billion International Monetary Fund bailout. It would be the country’s first major privatization in nearly two decades.
Eight parties submitted their expressions of interest, but only five of them provided documents of qualification, the ministry said in a statement.
Pakistan draws five potential buyers for national air carrier
https://arab.news/j65vr
Pakistan draws five potential buyers for national air carrier
- The interested parties include business groups and a military-backed firm
- The sale is seen as a test of Pakistan’s ability to shed loss-making state firms
Imran Khan not a ‘national security threat,’ ex-PM’s party responds to Pakistan military
- Pakistan’s military spokesperson on Friday described Khan’s anti-army narrative as a “national security threat”
- PTI Chairman Gohar Ali Khan says words used by military spokesperson for Khan were “not appropriate”
ISLAMABAD: Former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party on Saturday responded to allegations by Pakistan military spokesperson Lt. Gen. Ahmed Sharif Chaudhry from a day earlier, saying that he was not a “national security threat.”
Chaudhry, who heads the military’s media wing as director general of the Inter-Services Public Relations (ISPR), spoke to journalists on Friday, in which he referred to Khan as a “mentally ill” person several times during the press interaction. Chaudhry described Khan’s anti-army narrative as a “national security threat.”
The military spokesperson was responding to Khan’s social media post this week in which he accused Chief of Defense Forces Field Marshal Asim Munir of being responsible for “the complete collapse of the constitution and rule of law in Pakistan.”
“The people of Pakistan stand with Imran Khan, they stand with PTI,” the party’s secretary-general, Salman Akram Raja, told reporters during a news conference.
“Imran Khan is not a national security threat. Imran Khan has kept the people of this country united.”
Raja said there were several narratives in the country, including those that created tensions along ethnic and sectarian lines, but Khan had rejected all of them and stood with one that the people of Pakistan supported.
PTI Chairman Gohar Ali Khan, flanked by Raja, criticized the military spokesperson as well, saying his press talk on Thursday had “severely disappointed” him.
“The words that were used [by the military spokesperson] were not appropriate,” Gohar said. “Those words were wrong.”
‘NATURAL OUTCOME’
Speaking to reporters earlier on Saturday, Pakistan’s Defense Minister Khawaja Asif defended the military spokesperson’s remarks against Khan.
“When this kind of language is used for individuals as well as for institutions, then a reaction is a natural outcome,” he said.
“The same thing is happening on the Twitter accounts being run in his [Khan’s] name. If the DG ISPR has given any reaction to it, then I believe it was a very measured reaction.”
Khan, who was ousted after a parliamentary vote of confidence in April 2022, blames the country’s powerful military for removing him from power by colluding with his political opponents. Both deny the allegations.
The former prime minister, who has been in prison since August 2023 on a slew of charges he says are politically motivated, also alleges his party was denied victory by the army and his political rivals in the 2024 general election through rigging.
The army and the government both deny his allegations.
