KOHC Consortium moves forward in PIA privatization bid

MG News | December 19, 2025 at 04:50 PM GMT+05:00

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December 19, 2025 (MLN): Kohat Cement Company Limited (PSX: KCCL), as part of a consortium including Lucky Cement Limited, Hub Power Holdings Ltd., and Metro Ventures (Pvt.) Ltd has formally initiated its bid submission process for the privatization of Pakistan International Airlines Corporation Limited (PIACL).

According to a disclosure to the Pakistan Stock Exchange (PSX), the consortium has completed its due diligence to its satisfaction and has submitted the required earnest money in line with the bidding requirements issued by the Privatization Commission.

The privatization of PIACL is being conducted through a competitive bidding process under the framework of relevant laws and regulations, with the bidding scheduled for December 23, 2025.

The outcome is subject to the consortium emerging as the successful bidder and obtaining all necessary regulatory approvals.

KCCL has requested the PSX to inform TRE Certificate holders about this development, highlighting the company’s active participation in one of Pakistan’s most closely watched privatization efforts.

The move shows growing private-sector interest in the national carrier, with the consortium poised to play a potentially transformative role in PIACL’s future operations if successful.

Copyright Mettis Link News

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