PR No. 13
CLARIFICATION
Islamabad: November 01, 2024

This is to clarify certain social media posts on Dnata (Emirates) not being allowed to qualify for participation in privatisation of PIA. The fact is that Dnata(Emirates) did not submit its interest in privatisation of PIA. Gerry’s International applied as a single party against the Expression of Interest published internationally by the Privatisation Commission. The company provided a list of its subsidiaries to meet the pre-qualification criteria of PKR 200B in annual revenues. Gerry’s Dnata was listed as one of the 10 subsidiaries of Gerry’s International. However, the combined annual revenues of the 10 subsidiaries of Gerry’s International did not meet the pre-qualification requirement of PKR 200 Billion in annual revenues and hence Gerry’s International was not pre-qualified. **

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