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 fleet expansion
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 […]