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Pakistan's effort to privatise national airline gets sole bidder offering lower than govt-set minimum price

By Economic Times - 3 weeks ago
Pakistan's attempt to privatise Pakistan International Airlines drew minimal interest. Only Blue World City made a bid of Rs 10 billion for a 60 per cent stake, much lower than the Rs 85 billion minimum set by the government. This move is part of a deal with the IMF to support Pakistan's economy.

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