The federal government is in the final stages of preparation for the auction of Pakistan International Airlines (PIA). Officials say all major groundwork has been completed to ensure a transparent and competitive process.

A consortium of five leading Pakistani business groups has formally joined the bidding. The group includes Karachi-based AKD Securities, Arif Habib Group, along with Lake City, Fatima Group, and City School from Punjab.

To ensure fair valuation, the government has hired Seabury Aviation Consultants, a US-based aviation consultancy firm. The firm advises airlines operating around 5,000 aircraft worldwide and has arrived in Pakistan for the assessment.

Sources say the participation of major local investors reflects growing confidence and a more professional approach to privatization. Authorities believe this could help restore trust in the process.

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Currently, PIA operates 34 aircraft on over 90 domestic and international routes. Detailed records of more than 7,500 employees have been shared with bidders, including pilots, engineers, cabin crew, and ground staff.

Data covering staff posted in Karachi, Lahore, Islamabad, and overseas stations has also been provided. In addition, bidders received information on PIA’s daily earnings from local and international flights.

Sources clarified that records of retired employees were also shared, with a clear note that pension liabilities will not be transferred to the new management.