{
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}
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Pakistan International Airline receives single bid far below expected price

Pakistan International Airline (PIA) received a single bid of $36 million from Blue World City for a 60% stake, far below the government's minimum expectation of $306 million. The real estate group plans to revive the airline by leasing aircraft and seeking financial backing from Chinese and Turkish investors. Despite the bid, shares of PIA initially rose but ultimately fell by 5% by the end of the trading session.
Moneycontrol
Pakistani Rupee Pakistan International Airlines Ltd. Blue World City CHN PAK TUR Saad Nazir Show more
Finance & Economy, News Article
05:45 01.11.2024
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