7 foreign investors show interest in Pakistan’s airports

Author: inp

Investors from seven countries have shown their interest in the outsourcing of the country’s airports, it has been learnt on Thursday. Quoting its sources, a private TV channel reported that the investors are from Germany, France, the Netherlands, Qatar, UAE, Malaysia and Turkey.

In this connection, sources disclosed, the aviation minister had directed the ministry officials to arrange his online meetings with the ambassadors of Pakistan in these countries so that he could brief them on how to pursue this matter.

On the other hand, they revealed, local investors had been asked to form a consortium and then participate with the foreign investors in bidding.

Similarly, sources informed, investors from the countries in Gulf and Middle East namely Saudi Arabia, UAE, Qatar and Turkey had approached authorities in Pakistan for the privatization of the Pakistan International Airlines (PIA).

They elaborated that investors from these countries had already been given a briefing on the current financial state of the airline.

The Board of Directors (BoD) of the Pakistan International Airlines (PIA) had, at its 83rd meeting held on Tuesday, approved the privatization and restructuring plan of the loss-making entity.

Share
Leave a Comment

Recent Posts

  • Pakistan

Rawalpindi’s historic inn stands tall amidst changing times

Nestled behind a tree near the Rawalpindi railway station is Lakhpati Serai, a small inn…

4 hours ago
  • Pakistan

Pakistan’s unrelenting foe: Climate change tightens its grip

Pakistan, surrounded by huge plains and high mountain ranges, is confronted with a tough foe…

4 hours ago
  • Pakistan

‘Thalassemia Day’ celebrated

Health experts on World Thalassemia Day appealed to people that every single drop of blood…

4 hours ago
  • Pakistan

NDMA chairs UN INSARAG steering group meeting in Geneva

The National Disaster Management Authority (NDMA) chaired UN INSARAG Steering Group Meeting convened on Wednesday…

4 hours ago
  • Pakistan

Man held for raping 10-year-old maid in Lahore

Police in Lahore have arrested a man on Wednesday who allegedly kept raping a 10-year-old…

4 hours ago
  • Pakistan

Sindh education boards fail to stop leakage of matric papers

Matriculation exams in Khairpur have become a joke as the question paper of the ninth…

4 hours ago