Pakistan’s privatisation commission is addressing concerns voiced by those qualified to bid for th
e country’s national airline about a European Union Aviation Safety Agency (EASA) ban on the carrier, an official said on Wednesday. The privatisation of the loss-making state-owned enterprises has long been on the International Monetary Fund’s list of recommendations for Pakistan, which
is seeking to strike a deal with the fund
for a longer term bailout this month. The privatisation commission pre-qualifi
ed six consortiums for bidding in June and expects to conclude the privatisation process of Pakistan International Airlines by next month. Usman Bajwa, secretary of the commission, told a briefing the body was addressing concerns voiced by those pre-qualified by the government to bid
for a stake ranging from 51% to 100%. Previous governments avoided disposing of the flag carrier as a potentially highly unpopular move, but th
e country
needs to unlock further funding from the IMF.
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