Pakistan's national airline, Pakistan International Airlines Corp., is facing uncertainty in its privatization efforts after receiving a disappointing initial bid.
The bid from Blue World City was significantly lower than the government's minimum expected price of approximately $306 million, or 85 billion rupees.
The Privatisation Commission in Islamabad has disclosed these details and announced that the bidding process will be reviewed. However, no timeline has been provided for this review, leaving the future of the sale uncertain.