In a recent development, the Privatization Commission has extended the bidding date for the privatization of Pakistan International Airlines (PIA) by one month, pushing it to October 31, 2024.
Following the extension, the draft agreement is now set to be signed on October 25, 2024, while the deadline for submitting advance money has been moved to October 28, 2024.
The sudden decision to extend the bidding deadline has left companies interested in PIA’s privatization surprised.
Aviation sources warn that this extension could negatively impact the privatization process.
The Privatization Commission has not provided a clear explanation for the abrupt change, though advance deposits were initially due by September 27, 2024.
Despite the extension, all preparations for the bidding were reportedly in place for the original deadline of October 1.
