Arif Habib Consortium takes over PIA management as govt formally completes privatisation process
Pakistan International Airlines (PIA) has officially transitioned to new management under PIA Equity Ltd, backed by the Arif Habib Consortium. The privatisation includes a Rs125 billion capital injection to modernise operations and improve services. The government described the transaction as Pakistan’s largest privatisation, aiming to strengthen investor confidence and revive the national airline.
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