Today in Islamabad a consortium led by Arif Habib Group successfully acquired a 75% stake in Pakistan International Airlines (PIA) for Rs 135 billion in a transparent, televised open auction marking Pakistan’s first major privatization in nearly two decades. The government retains 25% stake initially, with an option for the buyer to acquire more later. Experts hail this as a turning point for PIA’s revival, promising better service, route expansion, and financial stability under private management. #PIAPrivatization #ArifHabib #PakistanEconomy #PIA

Today in Islamabad a consortium led by Arif Habib Group successfully acquired a 75% stake in Pakistan International Airlines (PIA) for Rs 135 billion in a transparent, televised open auction marking Pakistan’s first major privatization in nearly two decades. The government retains 25% stake initially, with an option for the buyer to acquire more later. Experts hail this as a turning point for PIA’s revival, promising better service, route expansion, and financial stability under private management. #PIAPrivatization #ArifHabib #PakistanEconomy #PIA - FondPeace