The new owners of Pakistan International Airlines have laid out an ambitious turnaround plan, acknowledging that the national carrier will continue to incur losses for at least one year before moving towards profitability. Speaking in an exclusive interaction, Arif Habib, founder of the Arif Habib Group, said that PIA currently employs around 9,000 people — […]
Pakistan–Bangladesh Relations Warm as Dhaka–Karachi Flights Get Green Light
Pakistan has approved flight operations for Biman Bangladesh Airlines, allowing the Bangladeshi national carrier to operate between Dhaka and Karachi, the Pakistan Civil Aviation Authority confirmed on Friday. The move signals a further thaw in relations between Pakistan and Bangladesh after decades of limited engagement. According to a PCAA spokesperson, Biman has been granted initial […]
Arif Habib Consortium Wins Bid for PIA Privatisation After Intense Competition
After a closely contested bidding process, the Arif Habib Consortium has emerged as the successful bidder for the privatisation of Pakistan International Airlines (PIA). According to official details, the bidding process for PIA’s privatisation has been completed, with the Arif Habib Consortium acquiring 75 percent shares of the national airline for Rs135 billion. The Lucky […]
Three Bidders Submit Offers as First Phase of PIA Privatisation Concludes
The first phase of the privatisation process of the national airline has been completed, marking a significant step toward one of the country’s most anticipated divestments. According to officials, three pre-qualified bidders have submitted their bids for the acquisition of the national carrier. The bids are scheduled to be opened at 3:30 pm. Following the […]
Bidding for 75% Stake in Pakistan International Airlines to Take Place Today
The bidding process for the privatization of a 75 percent stake in Pakistan International Airlines (PIA) will be held today, according to an official statement issued by the Privatization Commission. As per the schedule, bids will be received between 10:45 a.m. and 11:15 a.m., while the bids will be formally opened at 3:30 p.m. After […]