The deadline for filing Expressions of Interest (EoI) for the privatization of Pakistan International Airlines (PIA) has been extended to June 19, 2025.
According to the official announcement, the original deadline was June 3, 2025, however sources cited difficulties encountered by potential investors over the Eidul Adha 2025 vacations as the reason for the 15-day extension.
According to media reports, the decision was made after consulting with financial consultants to help investors.
According to reports, the privatization process would not include any participation from the provincial government, and no government-to-government negotiations are taking place, ruling out the possibility of a government-to-government purchase.
As per media reports, roadshows across the Middle East are planned to promote PIA privatization and recruit international investors. According to sources, privatization PIA benefits both the airline and Pakistan’s economy, as the carrier has been profitable for several months and manages engine maintenance, repairs, and aircraft payments on its own.
PIA’s privatization provides tremendous profit possibilities for prospective owners, with the airline now expected to generate higher financial returns than in past years.
It is worth noting that the value of Pakistan International Airlines’ (PIA) Holding Company’s Class B shares has increased dramatically.
PIA Holding Company’s shares reached Rs22,000 a share, a gain of more than Rs 18,000 in just one month. The surprising spike has caught the attention of regulatory officials.
In response to a notice from the Pakistan Stock Exchange (PSX), PIA management issued an official response claiming that they are unaware of any developments or information that might support such a significant increase in share value.
Both the Securities and Exchange Commission of Pakistan (SECP) and the PSX have formally requested an explanation from PIA, since the share price increase has aroused concerns about potential speculative behavior or concealed corporate operations.
