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Oversees Pakistani group Al Nihang offers to acquire debtridden Pakistan’s national airlines

Published by
ANI News

Islamabad [Pakistan], November 9 (ANI): Al-Nihang, an overseas Pakistani group has offered to acquire Pakistan International Airlines for the cost of PKR 100 billion amid a set of terms and conditions, Ary News reported. The bid for privatisation by Al-Nihaang comes days after both the Khyber Pakhtunkhwa and Pakistan’s Punjab state governments had offered to acquire the airlines. According to Ary News, the group wrote an offer letter to Pakistan’s Ministers of Privatisation, Aviation and Defence amongst other authorities and outlined its proposal to acquire complete ownership of the PIA. The k…

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