BUSINESSJun 29 · 15:03 UTCDAWN[email protected] (Khaleeq Kiani)

Govt formally transfers management control of PIA to Arif Habib-led consortium

The Pakistani government transferred management control of Pakistan International Airlines (PIA) to a consortium led by Arif Habib Corporation, completing the privatisation process. The Privatisation Commission confirmed the first financial closing of the transaction after meeting 40 conditions precedent, including regulatory and commercial approvals.

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Mentioned

Pakistan International Airlines Corporation LimitedorganizationArif Habib CorporationorganizationPrivatisation CommissionorganizationShehbaz SharifpersonMuhammad AurangzebpersonAnwar Ali HaiderpersonPakistan Civil Aviation AuthorityorganizationCompetition Commission of Pakistanorganization

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