KARACHI: Pakistan’s benchmark KSE-100 index fell 334.45 points during early intraday trading on Monday, dropping 0.18 per cent from its previous close of 184,174.48 points to 183,840.03 points by 11:20am. Read More: KSE-100 rebounds nearly 1% after Thursday’s sharp losses The decline follows a turbulent week for the equities market, during which the index lost over […]
Arif Habib
PIA privatisation to create jobs, not cut staff, says Arif Habib
Arif Habib, chairman of the investment firm that acquired a controlling stake in Pakistan International Airlines (PIA), has said the airline’s privatisation will lead to job creation rather than layoffs, as the new owners plan to expand its operations. Read More: Arif Habib says no final decision yet on buying PIA’s remaining 25 shares Speaking on DawnNewsTV’s […]
PIA SOLD
Arif Habib Limited Consortium on Tuesday secured a 75 percent stake in Pakistan International Airlines Corporation Limited (PIACL) with an Rs135billion offer in the government’s high-profile privatisation, conducted through a transparent bidding process broadcast live under the supervision of the Privatisation Commission. During the first round of the sealed-bid process, the offers submitted by Arif […]
PIA Deal at 135 Billion: Reform, Risk, or Ruin?
Arif Habib has reportedly bought Pakistan International Airlines in a deal valued around 135 billion rupees — and whether this turns into salvation or a fresh disaster is a question that now hangs heavy in the national air. Because Pakistan International Airlines was never just an airline. It was once the soaring embodiment of national […]