President Asif Ali Zardari has approved the Pakistan International Airlines Corporation (Conversion) (Repeal) Bill, 2026, completing what authorities described as the final legal step required for the privatisation of the national flag carrier, Pakistan International Airlines (PIA). According to an official statement from the Presidency, the assent fulfils all necessary legal formalities and requirements for […]
Arif Habib consortium
PIA officially handed to Arif Habib consortium under privatisation deal
ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday said the “glory days” of Pakistan International Airlines (PIA) would return under new management, as the government formally signed transaction documents for the airline’s privatisation. Read More: Arif Habib consortium acquires stake in PIA privatization “PIA will reach new heights under the leadership of the Arif Habib Consortium. The airline […]
Arif Habib consortium acquires stake in PIA privatization
Fauji Fertilizer Company has joined the Arif Habib consortium in Pakistan International Airlines’ (PIA) privatization, adding financial and corporate expertise. The consortium confirmed the partnership will support the airline’s operations and management, enhancing its efficiency and modernization efforts. The Arif Habib consortium secured 75 percent of PIA’s shares with the highest bid of PKR 135 […]
Arif Habib-led consortium to run PIA from April, says PM adviser
ISLAMABAD — Pakistan International Airlines (PIA) is expected to be managed by new owners from April next year, subject to final approvals, Adviser to the Prime Minister on Privatisation Muhammad Ali said. A consortium led by Arif Habib Corporation won the auction for a 75% stake in PIA, offering Rs135 billion, surpassing the government’s reserve […]
Arif Habib consortium wins PIA privatisation with Rs135bn bid
ISLAMABAD: The Arif Habib consortium on Tuesday emerged as the successful bidder for Pakistan International Airlines Corporation Ltd (PIACL) after offering Rs135 billion in an open auction, marking Pakistan’s first major privatisation in nearly two decades. Read More: PIA Deal at 135 Billion: Reform, Risk, or Ruin? The bidding process moved to an open […]