The Arif Habib Consortium acquires PIA
ISLAMABAD: The Arif Habib Consortium has successfully acquired Pakistan International Airlines (PIA), the national flag carrier, for 135 billion rupees. In the third phase of the privatization bidding process, the Arif Habib Consortium submitted a bid of 135 billion rupees and secured 75% of PIA’s shares. Privatization Commission Advisor Muhammad Ali stated that the privatization […]
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