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 […]
PIA privatisation 2025
Government opens bidding for PIA privatisation
Bidding for the privatisation of Pakistan International Airlines (PIA) began on Tuesday, with three prominent business consortia competing to acquire 75 percent shares in the national carrier. Moreover, the process is part of the government’s broader economic reform agenda. Read more : PIA 75% stake privatization bidding tomorrow The sealed bids were submitted at 10:30 am, with reference […]
Fauji fertiliser withdraws, three groups vie for PIA stake
Fauji Fertiliser Company Ltd has formally withdrawn from the bidding process for a 75% stake in Pakistan International Airlines, leaving three prequalified groups to compete for the airline’s privatisation. The withdrawal allows Fauji Fertiliser the flexibility to join any winning consortium later, a move that would have been restricted had it submitted a bid by […]