Federal Minister for Defence, Defence Production and Aviation Khawaja Muhammed Asif presided over a meeting on outsourcing of airports and privatization of PIA today at ministry of aviation. The meeting was attended by secretary aviation, secretary privatization commission, additional secretary MoFA and other senior officers. International Finance Corporation ( IFC) apprised the minister that seven international investors including Germany, France, Netherlands, Qatar, UAE, Malaysia and Turkiye have shown their interest while local groups are also interested in the transaction. The minister aviation has directed to convene an online meeting with the Pakistani Ambassadors in these countries, provide them country specific brief prepared by aviation and ask them to proactively engage with interested groups. He also advised to connect the local investors with international investors to enhance the awareness of the local groups so that they may participate in the bidding process by developing their consortium. The secretary privatization commission Usman Akhtar Bajwa updated the minister about the marketing plan and preliminary engagement with international investors including UAE, Qatar, Saudi Arabia and Turkiye on privatization transaction of PIACL. Federal minister directed to visit these countries to have active engagement with potential investors and bring the most interested groups in Pakistan. The minister also assured the govt. to govt. level engagements for speeding up both the transactions.
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