The Ministry of Privatisation on Monday said six companies/consortiums have been pre-qualified in the process of Pakistan International Airlines (PIA) privatisation.

The statement comes after a meeting of the Privatisation Commission Board, which was chaired by Federal Minister for Privatisation, Investment, and Communications Abdul Aleem Khan.

Bidding process for PIA to be aired live: Aleem

Air Blue, Arif Habib Corporation, Blue World City, Fly Jinnah, Pak Ethanol Consortium, and YB Holdings Consortium are included in the list.

The board meeting decided that pre-qualified companies/consortiums would be able to participate in PIA’s bidding.

“We will ensure the transparent and swift privatisation of all loss-making institutions,” Aleem Khan was quoted as saying in the statement. “The technical and financial stability of the institutions participating in the privatisation process will be taken into account.”

PIA privatisation: Fly Jinnah, Air Blue among 8 entities that submit Statement of Qualifications

“We are privatising loss-making institutions to stabilise the national economy,” the minister added.

He also urged to broadcast the privatisation process live on media to ensure transparency.