Privatization Process

Airlines

Privatization Process Completed at PIA

Pakistan has completed the privatization process of its national airline, PIA (Pakistan International Airlines). Following a multi-stage and competitive tender process, 75% of PIA’s shares were sold for 135 billion Pakistani rupees. The Arif Habib Consortium, based in Pakistan, submitted the highest bid and acquired the 75% stake in PIA. The Lucky Consortium, which finished second in the bidding process,…