Aurangzeb Details Milestone Privatizations and Digital Citizen Schemes in Budget Address
Pakistan secures the strategic divestment of its national airline and First Women Bank alongside launching massive digital agriculture loans and housing finance initiatives.
Federal Government Grants PKR 8.77 Billion Tax Waiver to Support PIA Privatization
The Federal Board of Revenue waives PKR 8.77 billion in penalties and surcharges for Pakistan International Airlines to facilitate its post-privatization transition.
Arif Habib Consortium Bids for Final Government Stake in Pakistan International Airlines
A consortium led by Arif Habib has submitted a bid for the remaining 25 percent state share in PIA marking a move toward full private ownership of the national carrier.
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.