KARACHI: Pakistan International Airlines (PIA) is expected to be run by a new owner from April next year and receive fresh capital under a deal to privatize the flag carrier, the country’s privatization chief said on Wednesday. A consortium headed by the Arif Habib Corporation emerged as the top bidder in a live-televised auction for a 75 percent stake in PIA on Tuesday, marking a breakthrough for the government’s long-delayed privatization of the carrier.

ISLAMABAD: Pakistan is set to broadcast live the auction of its loss-making national airline tomorrow, Pakistani state media reported on Monday, a move authorities say is aimed at…

ISLAMABAD: Pakistan is set to hold a live broadcast bidding process today, Tuesday, for the privatization of the Pakistan International Airlines (PIA), officials said, with three…

ISLAMABAD: Pakistan on Tuesday concluded the long-awaited privatization of its loss-making national flag carrier, the Pakistan International Airlines (PIA), with Arif Habib Group…

KARACHI: Pakistan International Airlines (PIA) is expected to be run by a new owner from April next year and receive fresh capital under a deal to privatize the flag carrier, the…

PIA has been sold for $482m to a consortium led by finance mogul Arif Habib. But the military gets a piece, too.