Pakistan to hold final bidding for national airline with shortlist of one

Pakistan will open the bidding process for its national airline, Pakistan International Airlines (PIA), on Thursday, seeking to sell a 51-100% stake. Only one participant, Blue World City, met the final submission deadline. Concerns among potential bidders include the government's policy continuity, previous contract terminations, and unattractive terms. This privatisation move aims to reform the financially struggling airline under an IMF programme.