Arif Habib Group Set to Assume Management Control of PIA by Late April 2026
Federal government plans to transfer PIA management control to the Arif Habib Group consortium by end of April 2026 as part of a major privatization deal.
UAE to convert $1bn SBP deposit into equity investment with Fauji Foundation
The UAE plans to convert its $1 billion deposit with the State Bank of Pakistan into an equity investment with Fauji Foundation, reducing external liabilities and boosting FDI without impacting SBP reserves.
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.