The CAA spokesperson said, “Recent rumours circulating online regarding the sale of Jinnah International Airport in Karachi are completely unfounded.”
He stated that the Karachi Airport is completely under the administration of the CAA and advised citizens to pay no attention to these baseless rumours.
It is to be noted here that the reports claiming “Karachi Airport sold secretly for $1.8 billion” spread at a time when Pakistan is moving forward with a plan to privatise all the state-owned entities that are experiencing financial losses.
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The objective behind privatising the loss-making state-owned entities is to stabilise the fragile finances of the country.
In a meeting in May 2024, Prime Minister Shehbaz Sharif announced that all the state-owned entities would be privatised except the strategic ones.
He stated these remarks during an important review meeting regarding the affairs of the Ministry of Privatisation.
During the meeting, the roadmap of the privatisation programme 2024-2029 was presented by the Privatisation Commission: Ministry of Privatisation.
The meeting was given a detailed briefing about the progress on the privatisation of state-owned entities.
The meeting was told that the pre-qualification process regarding the privatisation of Pakistan International Airlines (PIA) would be completed by the end of May.
