Pakistan Privatizes National Airline PIA in Rs 135 Billion Deal

Pakistan has successfully privatized its national carrier, Pakistan International Airlines (PIA), selling a 75% stake to a consortium led by Arif Habib for Rs 135 billion (approximately $482 million). The sale, finalized on December 23, 2025, marks a significant economic reform aimed at addressing PIA's decades of losses.

• Pakistan sells 75% stake in PIA to Arif Habib-led consortium.
• Deal valued at Rs 135 billion ($482 million) in competitive auction.
• Move aims to end PIA's chronic financial losses and mismanagement.
• First major privatization for Pakistan in nearly two decades.
• 92.5% of proceeds to be reinvested in PIA for revival.
• New owners to infuse Rs 80 billion fresh investment over five years.

Read the full story on Quick Digest.