Federal Interior Minister Mohsin Naqvi visited Boeing’s headquarters in Washington and discussed progress on acquiring 16 new aircraft for Pakistan International Airlines. The meeting focused on strengthening PIA’s fleet and finalising the best available purchase options. The development marks a step forward in Pakistan’s aviation sector reforms. A delegation from PIA’s new management accompanied Mohsin […]
PIA fleet expansion
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 […]
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 […]