PIA has been sold for $482m to a consortium led by finance mogul Arif Habib. But the military gets a piece, too.
PIA has been sold for $482m to a consortium led by finance mogul Arif Habib. But the military gets a piece, too.
By Abid Hussain
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Islamabad, Pakistan – After seven decades as Pakistan’s state airline, the government sold a majority stake in Pakistan International Airlines (PIA) earlier this week for $482m in a publicly televised auction, ending years of failed privatisation attempts.
ISLAMABAD: Pakistan on Tuesday concluded the long-awaited privatization of its loss-making national flag carrier, the Pakistan…
ISLAMABAD: The new owner of the Pakistan International Airlines (PIA) said on Thursday that the airline was in talks with…
ISLAMABAD: The Pakistani consortium led by Arif Habib Ltd. which bought a 75 percent stake in the Pakistan International Airlines…
ISLAMABAD: The chairman of the Arif Habib Group, a prominent Pakistani conglomerate with diversified interests across various…
ISLAMABAD: State Minister for Finance Bilal Azhar Kayani this week said the government’s move to successfully sell its stake in…
ISLAMABAD: Two of Pakistan’s leading business groups and a company backed by the powerful military will bid for the country’s…
