The bidding for Pakistan's national airline has been delayed to October 31, two government officials at the Ministry of Privatisation said on Tuesday.
A Pakistani parliamentary committee of privatisation had earlier been informed that Pakistan International Airlines (PIA) would go under the hammer on Tuesday.
The officials, however, said the bidding had been delayed another month at the request of the bidders who wanted more time to prepare for the auction.
They spoke on condition of anonymity because they were not authorised to disclose the information before an official announcement about the delay.
A spokesman for the privatisation ministry did not respond to a request for a comment.
Six parties have been pre-qualified for the bidding, which included Fly Jinnah, Airblue, a consortium led by Pak Ethanol, a consortium led by YB Holdings, Arif Habib Corporation, and Blue World City.
Pakistan's government has previously said it would sell between 51-100 per cent of the loss-making airline as part of reforms urged by the International Monetary Fund (IMF).
The UAE's Ministry of Energy and Infrastructure has participated in the World Hydrogen Summit & Exhibition in Rotterdam, a leading international platform bringing together policymakers, experts and industry leaders to discuss the future of hydrogen and sustainable energy systems.
US Secretary of State Marco Rubio held talks with Indian Foreign Minister Subrahmanyam Jaishankar on Saturday, as the two sides discussed trade, visas, maritime security and energy supplies, while Washington cited progress on efforts to resolve the Iran conflict.
Dubai-based ENOC Group has signed an agreement with Abu Dhabi company Allied Biofuels Holding to explore the supply and distribution of sustainable aviation fuel, or SAF, from a new production facility being developed in Uzbekistan.
Mexico and the European Union have signed a long-stalled free trade agreement on Friday as they seek to decrease dependence on the US and partially insulate themselves from President Donald Trump's tariffs.
Starting June 1, a 5 per cent Value Added Tax (VAT) will be applied to parking services provided by Parkin and toll tariff and activation fees under Salik.
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