Arif Habib Group has announced plans to acquire the remaining 25 percent government stake in Pakistan International Airlines, completing the airline’s full privatisation. The move aims to give the consortium operational control, streamline decision-making, expand the fleet, and improve passenger services across domestic and international routes. Group CEO Shahid Ali Habib stated that the acquisition […]
airline restructuring
PIA privatisation enters crucial next phase
Pakistan International Airlines (PIA) is moving into the next stage of privatisation, with the government weighing the sale of its remaining 25% stake. Officials said the stake is valued at about Rs45 billion and could be divested within three months. The move follows the transfer of 75% management control to a private consortium led by […]
PIA 75% stake privatization bidding tomorrow
Tomorrow marks a major step toward restructuring Pakistan International Airlines as bidding for the privatization of 75% shares will be held in Islamabad, with pre-qualified investors submitting sealed bids between 10:45am and 11:15am, officials confirmed, the bids will be opened at 3:30 pm in the presence of the media to ensure full transparency, while only […]