Pakistan, April 24 -- The government of Pakistan has relaunched the privatization process for Pakistan International Airlines (PIA). The Privatisation Commission (PC) is inviting new bids for a majority stake in the airline. Interested investors must submit their bids by June 3, 2025. A non-refundable processing fee of $5,000 or Rs1,400,000 is required.

This move follows last year's failed attempt to privatize PIA. The government had received a low offer that did not meet expectations. The initial bid for 60% of PIA was just Rs10 billion, far below the Rs85.03 billion target. As a result, the privatization process was halted, and a new plan has been put in place.

In recent months, PIA has posted a net profit of Rs26.2 billion for the ye...