By Ariba Shahid

KARACHI, Oct 30 (Reuters) - A Pakistani real estate development company said on Wednesday it had completed requirements to enter the bidding process for a stake in the country´s flag carrier, Pakistan International Airlines , scheduled for later this week.

The cash-strapped government, which is looking to privatise the loss-making airline, said earlier this month six companies had been shortlisted as potential bidders.

But only one company met a Tuesday deadline to submit "earnest money" prior Islamabd Escorts to final bidding, Bloomberg reported on Tuesday citing a privatisation commission official.

The chairman of Blue World City, Saad Nazir, confirmed to Reuters in a text message that his company is the only one to enter the final bidding process, Escort in Islamabad declining to disclose the earnest money it had submitted.