PIA Invites Evaluators to Evaluate Several of its Holdings

The PIA recently advertised bids from registered evaluators to evaluate several of its assets to use the resources proactively.

PIA

According to sources, PIA starts evaluating its flight kitchen and other departments’ assets for the restructuring process in the airline

The national airline is seeking advice from assets’ evaluators, registered with bank associations and the Security and Exchange Commission of Pakistan (SECP).

An invitation in this regard was advertised by the airline and asked interested evaluators to submit their proposals by January 11, 2021.

Besides this, the national airline also seeks invitations for evaluating the value of its planes, buildings, and other properties.

It is further informed that according to the market price and sales proceeds, the airline would use the funds for the privatization of the assets owned by the national flag carrier.

However, a PIA spokesman has the privatization of the airlines’ assets and said:

It is aimed at better utilization of the assets,

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