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PIA privatized in 2026; Arif Habib Consortium buys 75% for $550M, with $10.1B cash and fleet expansion.
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.
The deal, valued at Rs135 billion, includes Rs55 billion in investments for airline upgrades.
Prime Minister Shehbaz Sharif hailed the sale as a major economic reform milestone, emphasizing improved safety, service, and financial health.
The government received Rs10.1 billion in cash, with plans to expand the fleet from 38 to 65 aircraft.
The ceremony, attended by top officials including Army Chief Field Marshal Syed Asim Munir, marked the first major privatization in two decades.
PIA privatizada en 2026; Arif Habib Consortium compra el 75% por $ 550M, con $ 10.1B en efectivo y expansión de la flota.