Fauji Fertilizer Joins Consortium for Pakistan International Airlines Acquisition as CCoP Grants Approval
The Cabinet Committee on Privatization approves Fauji Fertilizer Company as a key stakeholder in the Arif Habib-led consortium acquiring a majority stake in PIA.
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.
After PIA Stake, Arif Habib Signals Interest in PNSC and Pakistan’s Blue Economy
Arif Habib signals interest in Pakistan National Shipping Corporation as the government plans fleet expansion to cut foreign freight costs and unlock the country’s underdeveloped blue economy.
PIA Privatization: Arif Habib Consortium Acquires 75% Stake; Fleet Expansion Planned
Arif Habib Group-led consortium acquires 75% stake in Pakistan International Airlines for Rs135 billion, plans to expand fleet to 64 aircraft and retain all employees for 12 months post-transaction.
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.
Pakistan consolidates economic stability as investor confidence returns
Finance Minister Muhammad Aurangzeb says Pakistan’s economy is stabilizing, with inflation easing, reserves improving, and credit ratings upgraded. He highlighted structural reforms, digital transformation, and trade diversification as key drivers of renewed investor confidence and sustainable growth.
Aurangzeb ‘quite hopeful’ Pakistan can achieve 3.5% GDP growth in FY26 despite flood impact
Finance Minister Muhammad Aurangzeb has expressed optimism that Pakistan will achieve close to 3.5% GDP growth in FY26 despite the flood impact. He highlighted macroeconomic stability, IMF support, credit rating upgrades, privatization progress, and deepening China-Pakistan economic ties as key factors driving recovery.
Aurangzeb briefs Saudi finance minister on PIA and airport privatisation plans amid reform push
Finance Minister Muhammad Aurangzeb met Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan on the sidelines of IMF and World Bank meetings to discuss Pakistan’s privatisation of PIA and major airports, and to seek Saudi investment support in key sectors.
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.