Bids Invited for PIA Privatisation

[Abbas Ali]

Consortium led by Blue World City - https://blueworldcity.com/ - (consortium members comprises Blue World Aviation, IRIS Communications) is the only pre-qualified bidder that has deposited earnest money for participation in PIA bidding process.



Abbas

[arshad.altaf]

‘Only one bid for stake in PIA’

THE government has received only one bid for the privatisation of Pakistan International Airlines (PIA), Bloomberg reported on Tuesday.

A total of six consortiums had qualified to bid for the loss-making entity. However, five of them stayed away from the process.

The sole bidder has deposited “earnest money” for the transaction with the Privatisation Commission by Tuesday’s deadline, Ahsan Ishaq, spokesman for the Privatisation Ministry told Bloomberg, but didn’t disclose the name of the interested party.

https://www.dawn.com/news/1868582

[Abbas Ali]

PIA bidding is or was scheduled to take place in a hotel in Islamabad on October 31.

https://epaper.brecorder.com/2024/10/30 ... -news.html

On October 30, real state developer Blue World City said it has completed requirements to enter bidding process for PIA.

https://www.arabnews.pk/node/2577353/pakistan

Abbas

[Karachi Aviator]

Unrealistic conditions set by the government are the main issue because of which only 1 party out of 6 has bidden for PIA.

[Amaad Lone]

This company is dealing in real estate and is basically the front men for or their "investors" are a group that is quite powerful.

[Abbas Ali]

According to news sources:



Cabinet Committee on Privatization (CCoP) meeting on PIA privatization to take place in Islamabad on October 31. Meeting to be chaired by Deputy Prime Minister Ishaq Dar.

Meeting expected to consider further extending PIA bidding date.

Only one of six pre-qualified bidders have deposited earnest money to take part in PIA bidding process.

Abbas

[raza]

As I mentioned earlier nothing viable will happen.We should not waste any time or brain.
They will keep extending the bidding, till only their buddy is left to buy PIA for dirt cheap.

[Abbas Ali]

According to Aaj News, PIA bidding process to take place in a hotel in Islamabad on October 31. Bidding process to start at 1:30 PM. Submitted bids to be opened at 6:30 PM. Bidding process to be broadcast live on Pakistan Television News (PTV News).

Abbas

[arshad.altaf]

@Ammmad Lone and @ Raza: Correct analysis of the bidding situation.

[Abbas Ali]

Privatization Minister Abdul Aleem Khan to chair Privatization Commission Board meeting today. The meeting will approve reserve price for PIA privatization.

Later, this approved reserve price will be presented at Cabinet Committee on Privatization (CCoP) meeting followed by federal cabinet meeting for their respective approvals.

Abbas

[TomcatTask]

According to Aaj News, PIA bidding process to take place in a hotel in Islamabad on October 31. Bidding process to start at 1:30 PM. Submitted bids to be opened at 6:30 PM. Bidding process to be broadcast live on Pakistan Television News (PTV News).

Abbas

Um, how exactly is the bidding process supposed to start when the reserve price hasn't even approved?

[Karachi Aviator]

Which channel will broadcast the bidding?

[Abbas Ali]

PIA bidding process taking place at Islamabad Serena Hotel.






PIA bidding process taking place at Islamabad Serena Hotel.





Consortium led by Blue World City deposited its sealed bid envelope in bid box at 1:22 PM. It was shown live on PTV News.

Blue World City consortium members include Blue World Aviation and IRIS Communications.



Submitted bid(s) will be opened at 6:30 PM and the submitted bid price will be displayed.

Abbas

[Abbas Ali]

Consortium led by Blue World City remained the only bidder for PIA privatization process.



Sealed bid envelope deposited by Blue World City consortium opened at 6:37 PM.



PKR 10 billion offered as bid price by Blue World City consortium.



Privatization Commission (PC) minimum expectation price PKR 85,030 million.

Abbas

[Karachi Aviator]

Consortium led by Blue World City remained the only bidder.

Bid deposited by Blue World City consortium opened.

PKR 10 billion offered as bid price by Blue World City consortium. Privatization Commission minimum expectation price PKR 85,030 million.

Abbas

Expected 85 billion and got a bid of 10, embarrassing