PIA
Feels Like PIA Is Getting Special Treatment as Losses and Legacy Debt Remain a Concern
The privatization of Pakistan International Airlines (PIA) has raised fresh questions about how much of the national carrier’s financial burden has actually been transferred to private ownership. While PIA has moved into private hands, its historical losses and legacy debt have not necessarily followed the airline to the same extent. This has created a debate […]
FFC Joins Arif Habib Consortium to Acquire 100% Stake in PIA
Fauji Fertilizer Company Limited has officially joined a consortium led by Arif Habib Corporation Limited to acquire full ownership of Pakistan International Airlines. The move marks a significant development in Pakistan’s ongoing efforts to restructure and privatize its national carrier. The consortium has established a special purpose vehicle named PIA Equity Limited, which will serve […]
PIA Privatisation Agreement Signed in Islamabad, Marking Major Reform Milestone
An important step in Pakistan’s economic reform agenda was completed on Thursday as the privatisation agreement of Pakistan International Airlines (PIA) was formally signed during a ceremony held in Islamabad. The development marks a significant milestone in the government’s efforts to restructure state-owned enterprises and improve their long-term sustainability. Prime Minister Shehbaz Sharif attended the […]
PIA’s New Owner Plans Major Overhaul, Eyes Investment in PNSC
Pakistan International Airlines (PIA) is set for a significant revival under its new management led by renowned businessman Arif Habib, who announced plans to revamp the national carrier while exploring investment opportunities in the Pakistan National Shipping Corporation (PNSC). The consortium aims to improve service quality, expand the fleet, resume profitable routes, and strengthen operational […]
Pakistan Pushes PIA Privatization Forward: PM Kakar Demands Speed and Transparency
Islamabad, Pakistan: Pakistan’s national airline, Pakistan International Airlines (PIA), is back in the spotlight as the government pushes for its privatization. Caretaker Prime Minister Anwaar-ul-Haq Kakar on Tuesday met with Aviation Adviser Air Marshal (retd) Farhat Hussain, demanding swift and transparent progress on the long-awaited process. Saving the National Exchequer: Kakar emphasized the government’s priority […]