The Khyber Pakhtunkhwa government has again approached the federal government, seeking update on its earlier letter showing intent to buy the national flag carrier, says in media reports. Earlier on Nov 1, KP had formally conveyed to the federal government that it was ready to offer a bid for Pakistan International Airlines, which would surpass the highest offer of Rs10 billion by the Blue World Consortium. In a letter addressed to the federal minister for privatisation Abdul Aleem Khan, KP Board of Investment and Trade (KP-BOIT) vice-chairman Hassan Masood Kunwar stated that 10 days had now passed since the correspondence expressing the board’s intent to participate in the privatisation of PIA was made.

“Given the strategic importance of the process and the strong support for this initiative from the chief minister and the investment board, we kindly seek an update on the status of KP-BOIT proposal,” the letter said. It said that BOIT was fully committed to preserving and revitalising PIA, ensuring its legacy as the national flag carrier. It said that in line with this commitment, the chief minister and the KP-BOIT team were dedicated to support PIA’s return to prominence and securing its future aligned with Pakistan’s national interest. The letter also noted that KP leadership was prepared to offer substantial backing and resources to accomplish these objectives.

Credit: Independent News Pakistan