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.
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.
Pakistan Completes Major SOE Privatization and Winding-Up Reforms in 2025
Pakistan has completed the privatization or winding-up of major state-owned enterprises including PIA, Utility Stores, PASSCO, and First Women Bank, marking progress in economic reforms.