Arif Habib consortium leads PIA privatization with Rs115bn offer

MG News | December 23, 2025 at 05:06 PM GMT+05:00

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December 23, 2025 (MLN): In a highly anticipated live auction held on television from Islamabad, the Arif Habib-led consortium emerged as the frontrunner in the latest phase of Pakistan International Airlines’ (PIA) privatization.

The Consortium submitted the highest bid of Rs115 billion.

Following closely were the Lucky Group with Rs101.5 billion and Air Blue with Rs26.5 billion, highlighting strong competition among major players.

This was the second most eagerly awaited phase of PIA’s privatization that attracted significant attention from both investors and the public.

The live process, broadcast for transparency, provided real-time updates as each bid was submitted.

Substantial offer from the Arif Habib-led consortium reflects growing confidence in the airline’s potential under private-sector management.

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