- KP’s provide would exceed Rs10 billion bid from Blue World Consortium.
- Province highlights dedication to preserving PIA as a nationwide asset.
- KP authorities pledges robust backing for PIA’s revival and nationwide pursuits.
The Khyber Pakhtunkhwa (KP) authorities has as soon as once more written to the privatisation minister to take part within the privatisation of nationwide airline PIA.
In its first correspondence on November 1, the KP authorities formally conveyed its readiness to submit a aggressive bid for PIA, surpassing the present highest provide of Rs10 billion made by the Blue World Consortium.
In a follow-up letter addressed to Federal Minister for Privatisation Abdul Aleem Khan, Hassan Masood Kunwar, Vice-Chairman of the KP Board of Funding and Commerce (KP-BOIT), talked about that 10 days had handed because the preliminary proposal and that the board was now looking for an replace on the matter.
The letter emphasised the strategic significance of the acquisition, highlighting robust assist from Chief Minister Ali Amin Gandapur and the KP Funding Board, and requested an replace on the standing of the proposal.
The KP authorities reiterated its dedication to preserving and revitalising PIA, aiming to take care of its legacy because the nationwide flag provider.
The letter famous that the KP management was ready to supply vital assets and assist to realize these aims, with a imaginative and prescient to return PIA to prominence whereas aligning with Pakistan’s nationwide pursuits.
Moreover, the KP-BOIT indicated its readiness to debate the proposal in larger element on the federal authorities’s comfort.
The letter expressed that the province’s commerce and funding physique was ready to interact on the earliest alternative to elaborate on its strategic imaginative and prescient and aggressive bid, which displays KP’s dedication to Pakistan’s aviation sector and its position as a stakeholder inside the federation.
Gandapur had earlier alleged that it has come earlier than the nation that what was the intentions of Sharif household and they’re looking for to purchase PIA “for subsequent to nothing.”
Gandapur emphasised Okay-P’s dedication to public service, stating that the province would retain the PIA title if profitable within the bid.