PIA Privatization Finalized as Arif Habib Group Secures Rs135 Billion Deal marks a historic shift for Pakistan’s aviation sector and economy. This major PIA privatization deal ends years of uncertainty and highlights progress in Pakistan’s airline privatization. The Pakistan International Airlines sale attracted strong interest, but the Arif Habib Group bid stood out due to its scale and credibility.
The Rs135 billion PIA bid was submitted during open bidding rounds supervised by the Privatisation Commission of Pakistan. Officials confirmed the reserve price of Rs100 billion before final offers began. The Arif Habib Corporation Limited-led consortium outpaced the Lucky Group consortium by a narrow margin. As a result, the group secured 75 percent through a formal PIA shares acquisition.
The PIA auction process remained transparent because authorities broadcast live televised bidding nationwide. Adviser to the Prime Minister on Privatization Muhammad Ali praised the process for building public trust. Prime Minister Shehbaz Sharif also linked the deal to his economic reform agenda. He stressed the need to fix loss-making state-owned enterprises through the private takeover of PIA.
Earlier bids showed intense competition among leading firms. Fatima Fertiliser Company Limited supported the winning group with strategic backing. Meanwhile, rivals included Hub Power Holdings Limited and Kohat Cement Company Limited. Air Blue Private Limited also participated but offered a lower amount.
PIA’s financial losses had burdened the national budget for years. Therefore, national carrier privatization aims to reduce debt and improve services. The aviation sector reforms in Pakistan now focus on fleet upgrades and route efficiency. Experts expect a clear PIA revival plan under new management. Improved governance should strengthen the Pakistan aviation industry.
This national airline restructuring could boost investor confidence in Pakistan. Analysts see it as a model for future state-owned enterprises’ privatization. Ultimately, the PIA ownership transfer signals a fresh start for the airline and the economy.
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PIA Privatization Finalized as Arif Habib Group Secures Rs135 Billion Deal, advancing national carrier privatization and aviation reforms.
