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flag PIA privatized in 2026; Arif Habib Consortium buys 75% for $550M, with $10.1B cash and fleet expansion.

flag Pakistan International Airlines was officially privatized on January 29, 2026, with the Arif Habib Consortium acquiring a 75% stake in a transparent, live-aired auction. flag The deal, valued at Rs135 billion, includes Rs55 billion in investments for airline upgrades. flag Prime Minister Shehbaz Sharif hailed the sale as a major economic reform milestone, emphasizing improved safety, service, and financial health. flag The government received Rs10.1 billion in cash, with plans to expand the fleet from 38 to 65 aircraft. flag The ceremony, attended by top officials including Army Chief Field Marshal Syed Asim Munir, marked the first major privatization in two decades.

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