The government will publish an advertisement next week to attract new bidders for the privatisation of Pakistan International Airlines (PIA), the privatisation ministry said in a statement on Wednesday.

The government’s failed first attempt to privatise PIA cost the national exchequer $4.3 million, the National Assembly Standing Committee on Privatisation was informed on February 26.

Last month, Privatisation and Investment Minister Abdul Aleem Khan said that the government would complete all the steps to privatise PIA by May, while the pri­vatisation commission

© Dawn Business