PIA set for full privatisation as Arif Habib Consortium acquires remaining 25 pc stake

Islamabad, Feb. 16 -- Pakistan's national flag carrier, Pakistan International Airlines (PIA), is set for full privatisation as the Arif Habib Group-led consortium moves to acquire the airline's remaining 25 percent stake,The News International reported.

The move will grant the consortium complete ownership of the carrier, marking one of the most significant privatisation deals involving a state-owned entity in Pakistan's recent history,The News International reported.

Shahid Ali Habib, Chief Executive Officer of Arif Habib Limited, confirmed that the consortium has decided to purchase the outstanding shares.

He stated that a formal decision is expected in April, with the payment process to be completed within a 12-month timeframe in lin...