ISLAMABAD: The Privatisation Commission has taken important decisions on the sale of Pakistan International Airlines (PIA) and the management of Islamabad, Lahore, and Karachi international airports.
The meeting, chaired by the Prime Minister’s Adviser on Privatisation, approved the inclusion of AKD Group Holdings (Pvt) Ltd in the consortium led by Arif Habib Corporation Ltd (AHCL), following the consortium’s request.
The move meets all conditions outlined in the Statement of Qualifications (SOQ). AHCL’s consortium is one of four pre-qualified bidders in PIA’s ongoing privatisation process.
The board also recommended to the Cabinet Committee on Privatisation (CCoP) that the management of Islamabad, Lahore, and Karachi airports be included in the privatisation programme.
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The airports would be offered under a long-term concession to improve operations and attract investment.
For the privatisation of House Building Finance Company Ltd (HBFCL), the board approved a reference price and finalised the Sale Purchase Agreement terms for submission to the CCoP.
The sale will be made through a negotiated process to the Pakistan Mortgage Refinance Company Ltd (PMRCL), a pre-qualified bidder. PMRCL’s bid will be opened once the reference price is approved by the CCoP and ratified by the federal cabinet.
