The PIA privatisation process has entered a new phase as a potential bidder begins on-site evaluation at the airline’s head office. The visit marks an important step in Pakistan’s efforts to attract investors for its struggling national carrier.
According to sources, the visiting company will inspect aircraft and examine key records as part of its due diligence. The team is also expected to tour other critical PIA facilities on Friday.
This development comes shortly after the Privatisation Commission Board approved four companies to move forward with the evaluation process. The approval was given during the board’s 237th meeting, chaired by Muhammad Ali, the Prime Minister’s Advisor on Privatisation.
Two more interested companies are expected to visit PIA installations next week. These visits are part of a broader effort to allow all shortlisted bidders to assess the airline’s assets before submitting formal bids.
The due diligence process allows bidders to access PIA’s virtual data room, where they can review financials, operations, and liabilities. This phase is expected to last around two months, with final bids due in the last quarter of 2025.
As per government plans, between 51% and 100% of PIA shares are up for sale, along with management control. The aim is to bring in reliable investors who can help revive the airline’s performance.
The government is also working on other related transactions, including the Roosevelt Hotel in New York, to restructure key assets and improve investor interest.
The renewed pace of the PIA privatisation process signals Pakistan’s commitment to structural reforms tied to economic stability. The coming weeks are crucial as more companies engage in on-ground assessments.
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