Privatisation Commission clears Fauji Fertiliser Company inclusion in Arif Habib-led consortium for full PIA takeover
Privatisation Commission board endorses Fauji Fertiliser Company’s inclusion in the Arif Habib-led consortium that bid Rs135 billion for 75 percent of PIA, paving the way for acquisition of the remaining 25 percent stake.
Fauji Fertilizer Becomes Part of Winning Consortium for PIA Privatisation
Fauji Fertilizer Company Limited has joined the Arif Habib-led consortium declared the highest-ranked bidder for the privatisation of Pakistan International Airlines, according to a PSX filing.
PIA Privatisation: Arif Habib, Lucky Cement, and Air Blue Submit Bids in Televised Auction
Pakistan International Airlines (PIA) receives three bids in its second televised privatisation attempt, with Arif Habib-led consortium offering Rs115 billion, Lucky Cement consortium Rs101.5 billion, and Air Blue Rs26.5 billion.
PIA Audit Uncovers Rs9.43 Billion Losses from Free and Discounted Ticketing
An audit by the Auditor General of Pakistan has revealed that Pakistan International Airlines incurred Rs9.43 billion in losses between 2011 and 2016 through the issuance of free and heavily discounted tickets, many granted to individuals with no official ties to the airline.