{"id":54392,"date":"2024-10-30T21:40:21","date_gmt":"2024-10-30T16:40:21","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=54392"},"modified":"2024-10-30T21:40:21","modified_gmt":"2024-10-30T16:40:21","slug":"five-bidders-withdraw-from-pia-auction-heres-why","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/pakistan\/five-bidders-withdraw-from-pia-auction-heres-why\/","title":{"rendered":"Five bidders withdraw from PIA auction: Here\u2019s why"},"content":{"rendered":"<p>ISLAMABAD: <a href=\"https:\/\/dailyausaf.com\/en\/technology\/pta-blames-internet-slowdown-in-pakistan-on-high-usage-cable-issues\/\">Pakistan<\/a> has received only one bid to participate in its national carrier, as five other consortia chose not to participate in one of the country&#8217;s major privatization efforts.<\/p>\n<p>Privatization Ministry spokesman Ahsan Ishaq said the bidder had submitted a &#8220;declaration amount&#8221; for the transaction to the Privatization Commission by Tuesday&#8217;s deadline. However, he did not reveal the identity of the bidder.<\/p>\n<p>Six groups were initially shortlisted to bid for stake in the struggling Pakistan International Airlines (<a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/pia-staff-member-caught-smuggling-cellphones-worth-millions\/\">PIA<\/a>). These include Air Blue Limited, Arif Habib Corporation Limited, Fly Jinnah (Air Arabia), YB. Holdings Pvt., Pak Ethanol Pvt., and real estate consortium Blue World City.<\/p>\n<p>The privatization is part of Prime Minister Shehbaz Sharif&#8217;s commitment with the International Monetary Fund (IMF) to offload loss-making state-owned enterprises in an effort to ease fiscal pressure on the country&#8217;s economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: Pakistan has received only one bid to participate in its national carrier, as five other consortia chose not to participate in one of the country&#8217;s major privatization efforts. Privatization Ministry spokesman Ahsan Ishaq said the bidder had submitted a &#8220;declaration amount&#8221; for the transaction to the Privatization Commission by Tuesday&#8217;s deadline. However, he did [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":31992,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1247,160,138,372,23502],"class_list":["post-54392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan","tag-international-monetary-fund","tag-imf","tag-pakistan","tag-pia","tag-pia-auction"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/54392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=54392"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/54392\/revisions"}],"predecessor-version":[{"id":54393,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/54392\/revisions\/54393"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/31992"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=54392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=54392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=54392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}