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Prime Minister Shehbaz Sharif on Thursday congratulated the nation on the completion of Pakistan International Airlines’ (PIA) privatisation as he, alongside Chief of Defence Forces and Army Staff Field Marshal Asim Munir, witnessed the signing of documents pertaining to the transaction.
The documents were signed by the government and a consortium led by Arif Habib Corporation Limited at a ceremony in Islamabad, where several federal ministers were also present.
The Arif Habib-led consortium had won the auction for 75 per cent shares of PIA in December last year, making a winning bid of Rs135 billion.
After the documents were signed, PM Shehbaz said, “I want to congratulate the entire nation from the bottom of my heart on the completion of PIA’s privatisation, the process for which began a month ago.”
