23/12/2025
๐ฐ PIA Auction Concludes as Arif Habib-Led Group Secures Winning Bid
Pakistan International Airlines (PIA) has taken a major step toward privatization after a consortium led by the Arif Habib Group emerged as the top bidder in a government-held auction. The group secured the deal with a Rs135 billion offer, narrowly surpassing competing bids.
The auction was conducted under a transparent process in Islamabad and marked one of Pakistanโs most significant privatization efforts in decades. With this move, the government aims to reduce financial pressure on the national carrier and introduce private-sector efficiency into airline operations.
As part of the agreement, the Arif Habibโled consortium will acquire a majority ownership stake, giving it operational control, while the state will retain a minority share. Officials believe this decision could help stabilise PIA, improve service quality, and restore confidence in the airlineโs future.
This development is being viewed as a crucial milestone in Pakistanโs broader economic reform and restructuring agenda.
News Source: Dawn News
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This content is for informational purposes only. The image is AI-generated and used for illustrative reference. News summary is independently written based on reporting by Dawn News.