PIA Privatization And Pak China Relations | MBG Speaks | Outline News
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TThe final bidding process for the privatisation of Pakistan International Airlines (PIA) attracted just one bid of Rs10 billion for a 60% stake in the national flag carrier, the Privatisation Ministry said on Thursday.
The government had pre-qualified six groups in June, but only real-estate development company Blue World City participated in the bidding process, placing a bid that is below the government-set minimum price of Rs85 billion.The Pakistan Foreign Ministry issued a rare statement addressing remarks made by Chinese Ambassador Jiang Zaidong during the high-profile “China at 75” conference held earlier this week in Islamabad.
The Ministry’s spokesperson, Mumtaz Zahra Baloch, clarified that the ambassador’s public comments, emphasizing China’s intolerance of security lapses concerning its citizens working in Pakistan, did not align with the close and cooperative spirit traditionally marking Pakistan-China relations. Here, Bilal Ghauri shares further details
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