💨 Abstract

Pakistan has rejected a Rs 10 billion offer from Blue World City for a 60% stake in PIA, the national carrier, as the bid was lower than the minimum price set by the government. The government aims to sell a 51-100% stake in PIA to reform state-owned enterprises and raise funds, but the initial bid indicates the privatization process may be difficult.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖