The government has reduced jet fuel prices by Rs56.97 per litre, extending a broader trend of declining petroleum costs and creating expectations of lower airfares for domestic and international passengers. The latest reduction lowers the price of jet fuel to Rs238.87 per litre, offering potential cost relief to airlines operating across the country. The move […]
aviation sector
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 privatisation aims to restore airline’s lost glory: Tarar
Federal Information Minister Attaullah Tarar on Wednesday said the privatisation of Pakistan International Airlines (PIA) marks the beginning of a journey to restore the national carrier’s lost glory and end years of financial strain on the public exchequer. Addressing a press conference in Islamabad alongside Adviser on Privatisation Muhammad Ali, Tarar termed the transaction a […]
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 […]
PIA privatisation enters crucial phase as bidding set for today
All eyes are on Pakistan International Airlines (PIA) today as the government moves forward with the privatisation of the national flag carrier, one of the most significant transactions involving a state-owned enterprise in recent years. According to officials, three consortiums remain in contention to acquire a 75 per cent stake in PIA. These include groups […]
Three bidders remain as PIA privatisation enters final stage
Pakistan’s Privatisation Commission is set to receive bids for a 75 per cent stake in Pakistan International Airlines (PIA) Corporation Ltd on December 23, with three bidders remaining after the withdrawal of Fauji Fertiliser Company Ltd. The bidding and opening process will be conducted under a publicly announced schedule and broadcast live to ensure transparency. […]