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 Indian state of Maharashtra has suspended the licences of four Domino's outlets after reporting grease residue in pizza-making machines and insect infestations, the latest move in an intensifying crackdown by food regulators.
XRG, ADNOC’s international energy investment company, has announced its entry into Venezuela through the award of the offshore Loran licence, and the transfer of interest in the licence by PDVSA Gas.
Venture capitalist Joshua Kushner and former Disney CEO Bob Iger are set to purchase the Los Angeles Lakers, with the deal valued at a record $12.5 billion, according to sources familiar with the matter on Wednesday.
The chairman of India's largest conglomerate Tata Sons will not seek reappointment, he said, citing the board's lack of backing after tensions with the charitable arm that controls the group.
Passengers flying to Dubai through Emirates can now change their travel dates free of charge in an unlimited capacity under a new measure announced by the airline to offer greater flexibility.
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