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
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. […]
PIA final bidding set for mid-December
The government is expected to conduct the final bidding for Pakistan International Airlines (PIA) by mid-December, the Privatisation Division secretary informed the National Assembly’s standing committee on Wednesday. Read More: PM orders fast-track, transparent PIA privatisation Briefing the panel chaired by MNA Farooq Sattar, he said that four pre-qualified consortia have entered the last phase of negotiations […]
PIA Privatisation Accelerates Under PM Shehbaz
Prime Minister Shehbaz Sharif directed authorities to speed up PIA privatisation with full transparency. He stressed clear strategies to increase airworthy aircraft and ensure timely departures. Operational efficiency and service reliability remain top priorities. Officials confirmed that all phases of privatisation will follow strict rules. The Privatisation Commission has prequalified four parties for the sale […]
PIA sacks aircraft engineers’ union leaders
KARACHI – Pakistan International Airlines (PIA) has terminated the services of the Society of Aircraft Engineers of Pakistan (SAEP) President Abdullah Jadoon and Secretary General Awais Jadoon, the airline’s spokesperson Abdullah Hafiz confirmed on Thursday. The decision follows more than two months of protests by PIA aircraft engineers demanding salary hikes and benefits. The engineers’ […]