Privatisation body recommends cabinet to approve Rs135bn bid for 75% PIA shares

Privatisation body approves PIA’s bid of Rs135 billion

A meeting of the Cabinet Committee on Privatisation, chaired by Deputy Prime Minister Ishaq Dar, was held, during which the committee approved the PIA’s bid of Rs135 billion. According to details, the Ministry of Privatisation secretary briefed the committee on the future course of action regarding the privatisation of PIA. The Cabinet Committee on Privatisation approved the bid of Rs135 billion submitted by the Arif Habib-led consortium for 75 …

Arif Habib Group Plans Fleet Expansion, Revamp PIA Operations

Pakistan International Airlines (PIA) is set for a major transformation following its privatization, with plans to renovate aircraft, improve punctuality, and expand the fleet to 64 planes. The Arif Habib Group-led consortium, which acquired a 75 percent stake for Rs. 135 billion, aims to restore passenger confidence and operational efficiency over the next seven years. […] The post Arif Habib Group Plans Fleet Expansion, Revamp PIA Operations a…

Privatisation body recommends cabinet to approve Rs135bn bid for 75% PIA shares

A meeting of Cabinet Committee on Privatisation (CCoP), presided over by Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar, endorsed the Rs135 billion bid of Arif Habib Group-led consortium for 75 percent shares of PIA and recommended its approval by the cabinet. The development comes after a consortium led by the Arif Habib Group last week emerged as the winning bidder for the acquisition of a 75 percent stake in PIA, submit…