The Privatisation Commission is all set to privatise Pakistan International Airlines Corporation Ltd (PIAC) on December 23 (Tuesday), as only three bidders remain in the race after the exit of Fauji Fertiliser Company Ltd. According to the programme circulated by the Privatisation Commission on Sunday, bids will be submitted between 10:45 am and 11:15 am, while bids will be opened at 3:30 pm, a process that will be shown live on television networks, as decided by the government.
The three bidders are: a consortium comprising Lucky Cement Limited, Hub Power Holdings Limited, Kohat Cement Company Limited, and Metro Ventures (Private) Limited; a consortium comprising Arif Habib Corporation Limited, Fatima Fertiliser Company Limited, City Schools (Private) Limited, and Lake City Holdings (Private) Limited; and Air Blue (Private) Ltd.