Pakistan Airlines gets just one bidder, quotes PKR 10 billion for 60% share

Islamabad [Pakistan], November 1 (ANI): The government's initial attempt to privatise Pakistan International Airlines (PIA) faced a significant setback on Thursday, as the only bidder, Blue World City, proposed a mere PKR 10 billion for a 60 per cent stake in the loss-making airline--far below the government's minimum sale price of PKR 85.03 billion, the Express Tribune reported.

During a publicly televised bidding event,